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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-strong trading volume on Tuesday . Approximately 40,596 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 40,748 shares.The stock last traded at $107.78 and had previously closed at $107.28.

First Trust Health Care AlphaDEX Fund Price Performance

The stock has a fifty day moving average of $107.50 and a 200 day moving average of $109.30. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 19.31 and a beta of 0.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXH. Wells Fargo & Company MN lifted its position in shares of First Trust Health Care AlphaDEX Fund by 20.4% during the 4th quarter. Wells Fargo & Company MN now owns 591,085 shares of the company’s stock valued at $61,550,000 after buying an additional 99,996 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter valued at about $29,979,000. Ameriprise Financial Inc. increased its stake in shares of First Trust Health Care AlphaDEX Fund by 26.3% during the fourth quarter. Ameriprise Financial Inc. now owns 93,193 shares of the company’s stock worth $9,704,000 after purchasing an additional 19,384 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter worth about $8,301,000. Finally, Vestmark Advisory Solutions Inc. increased its stake in First Trust Health Care AlphaDEX Fund by 0.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 64,683 shares of the company’s stock worth $6,735,000 after buying an additional 525 shares in 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.