First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 12-Month High – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $123.20 and last traded at $123.4250, with a volume of 15596 shares trading hands. The stock had previously closed at $122.40.

First Trust Health Care AlphaDEX Fund Trading Up 2.2%

The stock has a market capitalization of $984.36 million, a PE ratio of 16.75 and a beta of 0.73. The business has a fifty day moving average price of $115.74 and a 200-day moving average price of $114.27.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Health Care AlphaDEX Fund by 14,737.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock worth $139,446,000 after purchasing an additional 1,216,885 shares in the last quarter. Morgan Stanley boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 1.2% during the 4th quarter. Morgan Stanley now owns 1,004,142 shares of the company’s stock valued at $114,293,000 after purchasing an additional 11,576 shares in the last quarter. Bank of America Corp DE increased its position in shares of First Trust Health Care AlphaDEX Fund by 21.1% during the third quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock valued at $34,281,000 after buying an additional 54,400 shares during the period. Wells Fargo & Company MN increased its position in shares of First Trust Health Care AlphaDEX Fund by 1.8% during the fourth quarter. Wells Fargo & Company MN now owns 288,537 shares of the company’s stock valued at $32,842,000 after buying an additional 5,066 shares during the period. Finally, Royal Bank of Canada raised its stake in First Trust Health Care AlphaDEX Fund by 19.4% in the first quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock worth $8,570,000 after buying an additional 12,680 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.