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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw unusually-high trading volume on Friday . Approximately 72,402 shares traded hands during trading, an increase of 217% from the previous session’s volume of 22,864 shares.The stock last traded at $117.5850 and had previously closed at $117.39.

First Trust Health Care AlphaDEX Fund Stock Up 0.1%

The firm’s 50 day simple moving average is $113.82 and its 200-day simple moving average is $113.96. The company has a market capitalization of $910.78 million, a PE ratio of 16.75 and a beta of 0.75.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth approximately $42,000. O Shaughnessy Asset Management LLC grew its stake in First Trust Health Care AlphaDEX Fund by 1,145.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock worth $57,000 after buying an additional 458 shares during the period. Founders Financial Alliance LLC purchased a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth approximately $55,000. Ameriflex Group Inc. grew its stake in First Trust Health Care AlphaDEX Fund by 322.4% during the third quarter. Ameriflex Group Inc. now owns 642 shares of the company’s stock worth $70,000 after buying an additional 490 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in First Trust Health Care AlphaDEX Fund by 1,822.7% during the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after buying an additional 802 shares during the period.

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.