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

Posted by ABMN Staff on Dec 30th, 2024

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH – Get Free Report) shares saw strong trading volume on Monday . 54,697 shares were traded during trading, an increase of 92% from the previous session’s volume of 28,562 shares.The stock last traded at $103.87 and had previously closed at $105.61.

First Trust Health Care AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 19.31 and a beta of 0.76. The stock has a 50 day moving average price of $108.51 and a 200-day moving average price of $108.77.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several large investors have recently modified their holdings of FXH. Valley Wealth Managers Inc. acquired a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at about $26,000. Truvestments Capital LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth approximately $90,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth approximately $126,000. Creative Financial Designs Inc. ADV boosted its position in shares of First Trust Health Care AlphaDEX Fund by 10.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,616 shares of the company’s stock valued at $181,000 after purchasing an additional 152 shares during the period. Finally, Brookstone Capital Management acquired a new stake in shares of First Trust Health Care AlphaDEX Fund in the third quarter valued at approximately $202,000.

About First Trust Health Care AlphaDEX Fund

(Get Free Report)

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.