First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Strong Trading Volume – Should You Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw unusually-high trading volume on Monday . Approximately 21,197 shares traded hands during trading, a decline of 26% from the previous session’s volume of 28,638 shares.The stock last traded at $109.61 and had previously closed at $109.72.

First Trust Health Care AlphaDEX Fund Trading Up 0.4 %

The company’s 50 day simple moving average is $110.91 and its 200 day simple moving average is $107.43. The stock has a market capitalization of $1.32 billion, a PE ratio of 19.31 and a beta of 0.76.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FXH. Brendel Financial Advisors LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth about $664,000. CWM LLC raised its stake in First Trust Health Care AlphaDEX Fund by 20.2% during the third quarter. CWM LLC now owns 2,906 shares of the company’s stock worth $325,000 after purchasing an additional 489 shares during the period. Brookstone Capital Management acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at $202,000. Private Client Services LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at $228,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter valued at $831,000.

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.