First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw strong trading volume on Tuesday . 38,586 shares were traded during trading, an increase of 28% from the previous session’s volume of 30,125 shares.The stock last traded at $122.12 and had previously closed at $122.14.

First Trust Health Care AlphaDEX Fund Price Performance

The business has a 50 day simple moving average of $118.74 and a 200 day simple moving average of $115.18. The stock has a market cap of $997.53 million, a PE ratio of 16.75 and a beta of 0.73.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 59.6% during the 1st quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock valued at $396,000 after purchasing an additional 1,426 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the 1st quarter worth about $871,000. MML Investors Services LLC grew its holdings in First Trust Health Care AlphaDEX Fund by 9.9% during the second quarter. MML Investors Services LLC now owns 14,723 shares of the company’s stock valued at $1,526,000 after purchasing an additional 1,330 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in First Trust Health Care AlphaDEX Fund by 1,822.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after acquiring an additional 802 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of First Trust Health Care AlphaDEX Fund by 570.8% in the second quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after purchasing an additional 26,370 shares during the period.

First Trust Health Care AlphaDEX Fund Company Profile

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.