First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Volume Increase – What’s Next?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Tuesday . Approximately 25,816 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 30,366 shares.The stock last traded at $102.54 and had previously closed at $103.60.

First Trust Health Care AlphaDEX Fund Price Performance

The firm’s 50 day moving average price is $106.98 and its two-hundred day moving average price is $108.11. The firm has a market cap of $966.88 million, a price-to-earnings ratio of 15.95 and a beta of 0.78.

First Trust Health Care AlphaDEX Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.0669 dividend. The ex-dividend date was Thursday, March 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its position in First Trust Health Care AlphaDEX Fund by 1,354.7% in the 3rd quarter. Bank of Montreal Can now owns 18,126 shares of the company’s stock valued at $1,907,000 after buying an additional 16,880 shares during the last quarter. FMR LLC increased its stake in shares of First Trust Health Care AlphaDEX Fund by 7.4% during the third quarter. FMR LLC now owns 2,975 shares of the company’s stock worth $333,000 after acquiring an additional 204 shares during the period. Flow Traders U.S. LLC purchased a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth about $412,000. Benjamin Edwards Inc. lifted its position in First Trust Health Care AlphaDEX Fund by 945.9% in the third quarter. Benjamin Edwards Inc. now owns 11,860 shares of the company’s stock valued at $1,327,000 after purchasing an additional 10,726 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in First Trust Health Care AlphaDEX Fund by 16.1% in the 3rd quarter. Quantinno Capital Management LP now owns 9,927 shares of the company’s stock valued at $1,110,000 after purchasing an additional 1,375 shares in the last quarter.

About First Trust Health Care AlphaDEX Fund

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.