First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Strong Trading Volume – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw an uptick in trading volume on Tuesday . 65,809 shares traded hands during trading, an increase of 70% from the previous session’s volume of 38,772 shares.The stock last traded at $115.8590 and had previously closed at $114.32.

First Trust Health Care AlphaDEX Fund Stock Performance

The business has a 50-day simple moving average of $115.92 and a two-hundred day simple moving average of $110.95. The company has a market capitalization of $943.92 million, a price-to-earnings ratio of 16.75 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vivaldi Capital Management LP grew its position in First Trust Health Care AlphaDEX Fund by 4.4% during the third quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock worth $282,000 after buying an additional 109 shares during the period. Insight Advisors LLC PA increased its stake in First Trust Health Care AlphaDEX Fund by 3.0% in the 3rd quarter. Insight Advisors LLC PA now owns 3,789 shares of the company’s stock valued at $416,000 after purchasing an additional 110 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in First Trust Health Care AlphaDEX Fund by 1.4% during the third quarter. First Heartland Consultants Inc. now owns 9,420 shares of the company’s stock worth $1,033,000 after purchasing an additional 134 shares during the last quarter. NBC Securities Inc. raised its stake in shares of First Trust Health Care AlphaDEX Fund by 18.8% during the 4th quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after buying an additional 137 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in First Trust Health Care AlphaDEX Fund by 3.3% during the second quarter. D.A. Davidson & CO. now owns 5,247 shares of the company’s stock worth $544,000 after acquiring an additional 170 shares during the last quarter.

About First Trust Health Care AlphaDEX Fund

The First Trust Health Care AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the StrataQuant Health Care Index. The StrataQuant Health Care Index is an index developed, maintained and sponsored by the NYSE Group, Inc or its affiliates (NYSE), which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.