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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw strong trading volume on Thursday . 47,886 shares traded hands during trading, an increase of 70% from the previous session’s volume of 28,194 shares.The stock last traded at $110.60 and had previously closed at $109.89.

First Trust Health Care AlphaDEX Fund Trading Up 0.8 %

The stock has a market capitalization of $1.32 billion, a PE ratio of 19.31 and a beta of 0.76. The stock’s fifty day simple moving average is $110.39 and its 200-day simple moving average is $107.82.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in shares of First Trust Health Care AlphaDEX Fund by 84.3% during the 1st quarter. Cetera Investment Advisers now owns 129,781 shares of the company’s stock worth $14,223,000 after purchasing an additional 59,350 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of First Trust Health Care AlphaDEX Fund by 2.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 104,145 shares of the company’s stock worth $10,885,000 after purchasing an additional 2,292 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Health Care AlphaDEX Fund by 2.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 78,698 shares of the company’s stock valued at $8,225,000 after acquiring an additional 2,105 shares during the period. Holistic Financial Partners raised its stake in First Trust Health Care AlphaDEX Fund by 3.2% in the 3rd quarter. Holistic Financial Partners now owns 48,830 shares of the company’s stock valued at $5,462,000 after acquiring an additional 1,504 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in First Trust Health Care AlphaDEX Fund by 1.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 41,612 shares of the company’s stock valued at $4,560,000 after acquiring an additional 532 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.