First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Volume Increase

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Wednesday . Approximately 10,085 shares traded hands during trading, a decline of 71% from the previous session’s volume of 34,610 shares.The stock last traded at $102.76 and had previously closed at $102.50.

First Trust Health Care AlphaDEX Fund Stock Down 0.5 %

The company has a market cap of $1.45 billion, a price-to-earnings ratio of 19.12 and a beta of 0.80. The company’s fifty day moving average price is $106.78 and its two-hundred day moving average price is $101.49.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FXH. Bank of New York Mellon Corp boosted its holdings in First Trust Health Care AlphaDEX Fund by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 5,386 shares of the company’s stock worth $618,000 after purchasing an additional 369 shares during the last quarter. Synovus Financial Corp boosted its holdings in First Trust Health Care AlphaDEX Fund by 6.5% during the first quarter. Synovus Financial Corp now owns 8,958 shares of the company’s stock worth $1,024,000 after purchasing an additional 543 shares during the last quarter. Baird Financial Group Inc. lifted its stake in First Trust Health Care AlphaDEX Fund by 5.3% in the first quarter. Baird Financial Group Inc. now owns 46,428 shares of the company’s stock valued at $5,323,000 after acquiring an additional 2,348 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in First Trust Health Care AlphaDEX Fund in the first quarter valued at $46,000. Finally, Equitable Holdings Inc. lifted its stake in First Trust Health Care AlphaDEX Fund by 25.6% in the first quarter. Equitable Holdings Inc. now owns 2,702 shares of the company’s stock valued at $310,000 after acquiring an additional 550 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.