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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Thursday . Approximately 47,886 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 28,194 shares.The stock last traded at $110.60 and had previously closed at $109.89.

First Trust Health Care AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $110.30 and a 200 day moving average of $107.91. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.31 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of First Trust Health Care AlphaDEX Fund by 84.3% during the 1st quarter. Cetera Investment Advisers now owns 129,781 shares of the company’s stock worth $14,223,000 after acquiring an additional 59,350 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new position in First Trust Health Care AlphaDEX Fund in the first quarter valued at approximately $4,243,000. Waverly Advisors LLC purchased a new position in First Trust Health Care AlphaDEX Fund in the first quarter valued at approximately $3,105,000. Cetera Advisors LLC raised its holdings in First Trust Health Care AlphaDEX Fund by 165.6% during the first quarter. Cetera Advisors LLC now owns 39,597 shares of the company’s stock worth $4,339,000 after purchasing an additional 24,687 shares in the last quarter. Finally, Schrum Private Wealth Management LLC lifted its position in shares of First Trust Health Care AlphaDEX Fund by 68.0% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 25,436 shares of the company’s stock worth $2,845,000 after buying an additional 10,298 shares during the last quarter.

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.