First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Monday . Approximately 148,657 shares traded hands during trading, an increase of 334% from the previous session’s volume of 34,242 shares.The stock last traded at $131.35 and had previously closed at $131.22.

First Trust Health Care AlphaDEX Fund Stock Performance

The company’s 50-day moving average price is $123.54 and its 200 day moving average price is $116.55. The stock has a market cap of $1.08 billion, a PE ratio of 16.75 and a beta of 0.73.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXH. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Health Care AlphaDEX Fund by 14,737.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock worth $139,446,000 after purchasing an additional 1,216,885 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in First Trust Health Care AlphaDEX Fund in the 4th quarter worth approximately $8,277,000. Bank of America Corp DE boosted its stake in First Trust Health Care AlphaDEX Fund by 21.1% in the 3rd quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock worth $34,281,000 after purchasing an additional 54,400 shares during the period. Corient Private Wealth LLC boosted its stake in First Trust Health Care AlphaDEX Fund by 570.8% in the 2nd 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. Finally, Assetmark Inc. grew its holdings in First Trust Health Care AlphaDEX Fund by 11,639.5% during the 4th quarter. Assetmark Inc. now owns 13,970 shares of the company’s stock valued at $1,590,000 after buying an additional 13,851 shares in 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.