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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Tuesday . Approximately 138,419 shares traded hands during trading, an increase of 503% from the previous session’s volume of 22,960 shares.The stock last traded at $113.39 and had previously closed at $112.47.

First Trust Health Care AlphaDEX Fund Stock Up 1.7%

The company’s fifty day moving average price is $111.14 and its 200-day moving average price is $113.46. The stock has a market capitalization of $886.25 million, a PE ratio of 16.75 and a beta of 0.75.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in First Trust Health Care AlphaDEX Fund by 586.0% in the 1st quarter. Parallel Advisors LLC now owns 1,372 shares of the company’s stock valued at $151,000 after acquiring an additional 1,172 shares in the last quarter. Assetmark Inc. lifted its position in First Trust Health Care AlphaDEX Fund by 21.0% in the 1st quarter. Assetmark Inc. now owns 16,897 shares of the company’s stock valued at $1,855,000 after acquiring an additional 2,927 shares in the last quarter. Sanctuary Advisors LLC lifted its position in First Trust Health Care AlphaDEX Fund by 6.4% in the 1st quarter. Sanctuary Advisors LLC now owns 12,838 shares of the company’s stock valued at $1,409,000 after acquiring an additional 774 shares in the last quarter. Fifth Third Bancorp lifted its position in First Trust Health Care AlphaDEX Fund by 962.7% in the 1st quarter. Fifth Third Bancorp now owns 1,966 shares of the company’s stock valued at $216,000 after acquiring an additional 1,781 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in First Trust Health Care AlphaDEX Fund by 43.4% during the 1st quarter. Kestra Advisory Services LLC now owns 18,466 shares of the company’s stock valued at $2,027,000 after buying an additional 5,592 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.