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

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw strong trading volume on Monday . 48,957 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 29,261 shares.The stock last traded at $114.4580 and had previously closed at $116.24.

First Trust Health Care AlphaDEX Fund Stock Down 1.0%

The stock’s 50-day moving average price is $115.69 and its 200 day moving average price is $112.84. The firm has a market cap of $931.97 million, a price-to-earnings ratio of 16.75 and a beta of 0.78.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP grew its position in First Trust Health Care AlphaDEX Fund by 77.9% in the third quarter. Susquehanna International Group LLP now owns 10,347 shares of the company’s stock valued at $1,135,000 after acquiring an additional 4,532 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Health Care AlphaDEX Fund by 3.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 8,257 shares of the company’s stock worth $906,000 after buying an additional 303 shares during the last quarter. Flow Traders U.S. LLC grew its position in First Trust Health Care AlphaDEX Fund by 12.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 3,690 shares of the company’s stock worth $405,000 after acquiring an additional 412 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of First Trust Health Care AlphaDEX Fund in the third quarter valued at $252,000. Finally, Bank of America Corp DE raised its stake in shares of First Trust Health Care AlphaDEX Fund by 21.1% in the third quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock worth $34,281,000 after acquiring an additional 54,400 shares during the last quarter.

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.