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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Thursday . Approximately 47,886 shares changed hands during 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 Price Performance

The firm’s 50-day moving average price is $110.30 and its 200-day moving average price is $107.91. The stock has a market cap of $1.34 billion, a P/E ratio of 19.31 and a beta of 0.76.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of large investors have recently modified their holdings of FXH. Valley Wealth Managers Inc. purchased a new position in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth $26,000. Fifth Third Bancorp acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the second quarter worth about $33,000. CX Institutional purchased a new stake in First Trust Health Care AlphaDEX Fund in the second quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position in First Trust Health Care AlphaDEX Fund by 1,500.0% in the second quarter. GAMMA Investing LLC now owns 544 shares of the company’s stock valued at $57,000 after buying an additional 510 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in First Trust Health Care AlphaDEX Fund in the 1st quarter worth approximately $94,000.

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.