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 65,744 shares were traded during trading, an increase of 76% from the previous session’s volume of 37,425 shares. The stock last traded at $126.8610 and had previously closed at $128.80.

First Trust Health Care AlphaDEX Fund Stock Up 1.4%

The stock has a fifty day simple moving average of $131.50 and a 200 day simple moving average of $121.77. The firm has a market capitalization of $1.14 billion, a P/E ratio of 16.75 and a beta of 0.72.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several institutional investors have recently modified their holdings of FXH. Perryman Financial Advisory Inc. AD purchased a new position in First Trust Health Care AlphaDEX Fund during the 4th quarter valued at $8,277,000. Envestnet Asset Management Inc. increased its holdings in First Trust Health Care AlphaDEX Fund by 59.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 94,077 shares of the company’s stock worth $11,515,000 after purchasing an additional 35,197 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter worth $2,626,000. Royal Bank of Canada increased its stake in shares of First Trust Health Care AlphaDEX Fund by 19.4% during the first quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock valued at $8,570,000 after buying an additional 12,680 shares during the period. Finally, PCG Wealth Advisors LLC lifted its stake in First Trust Health Care AlphaDEX Fund by 88.9% in the second quarter. PCG Wealth Advisors LLC now owns 25,948 shares of the company’s stock worth $3,176,000 after acquiring an additional 12,213 shares during the period.

About First Trust Health Care AlphaDEX Fund

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.