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 Monday . 48,957 shares changed hands during trading, an increase of 67% from the previous session’s volume of 29,261 shares.The stock last traded at $114.4580 and had previously closed at $116.24.

First Trust Health Care AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $115.69 and a 200 day simple moving average of $112.84. The stock has a market capitalization of $931.97 million, a P/E ratio of 16.75 and a beta of 0.78.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of First Trust Health Care AlphaDEX Fund by 59.6% in the 1st quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock valued at $396,000 after buying an additional 1,426 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the first quarter worth approximately $871,000. Atria Investments Inc lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 16.3% in the second quarter. Atria Investments Inc now owns 4,230 shares of the company’s stock worth $439,000 after acquiring an additional 592 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in First Trust Health Care AlphaDEX Fund by 109.5% in the second quarter. Vestmark Advisory Solutions Inc. now owns 124,184 shares of the company’s stock valued at $12,875,000 after acquiring an additional 64,914 shares during the last quarter. Finally, Allworth Financial LP increased its position in First Trust Health Care AlphaDEX Fund by 15.6% during the 2nd quarter. Allworth Financial LP now owns 1,960 shares of the company’s stock valued at $203,000 after purchasing an additional 264 shares during the period.

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.