First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw strong trading volume on Tuesday . 99,278 shares changed hands during trading, an increase of 238% from the previous session’s volume of 29,329 shares.The stock last traded at $121.9690 and had previously closed at $123.66.

First Trust Health Care AlphaDEX Fund Price Performance

The company has a market cap of $975.13 million, a P/E ratio of 16.75 and a beta of 0.73. The stock has a 50-day moving average of $117.47 and a 200 day moving average of $114.79.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter worth approximately $37,000. First Heartland Consultants Inc. boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 3.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock valued at $1,168,000 after purchasing an additional 287 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of First Trust Health Care AlphaDEX Fund by 9.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,261 shares of the company’s stock valued at $578,000 after purchasing an additional 469 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 53.7% during the 1st quarter. NewEdge Advisors LLC now owns 10,265 shares of the company’s stock worth $1,127,000 after buying an additional 3,585 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of First Trust Health Care AlphaDEX Fund by 155.1% during the 1st quarter. Arkadios Wealth Advisors now owns 15,161 shares of the company’s stock worth $1,664,000 after buying an additional 9,217 shares during 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.