First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw an uptick in trading volume on Tuesday . 25,816 shares were traded during trading, a decline of 15% from the previous session’s volume of 30,366 shares.The stock last traded at $102.54 and had previously closed at $103.60.

First Trust Health Care AlphaDEX Fund Stock Up 0.2 %

The stock has a market capitalization of $970.19 million, a P/E ratio of 15.95 and a beta of 0.78. The stock has a 50 day simple moving average of $107.23 and a two-hundred day simple moving average of $108.21.

First Trust Health Care AlphaDEX Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.0669 per share. The ex-dividend date was Thursday, March 27th.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FXH. Blue Trust Inc. bought a new stake in First Trust Health Care AlphaDEX Fund in the fourth quarter valued at approximately $42,000. Ameriflex Group Inc. bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter worth approximately $50,000. Synergy Investment Management LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter worth approximately $56,000. Tucker Asset Management LLC raised its stake in First Trust Health Care AlphaDEX Fund by 16.8% in the 4th quarter. Tucker Asset Management LLC now owns 710 shares of the company’s stock valued at $74,000 after acquiring an additional 102 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in First Trust Health Care AlphaDEX Fund by 60.2% during the 4th quarter. Sunbelt Securities Inc. now owns 828 shares of the company’s stock valued at $86,000 after purchasing an additional 311 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.