First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 1-Year High – Should You Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $135.49 and last traded at $135.5590, with a volume of 3049 shares traded. The stock had previously closed at $135.29.

First Trust Health Care AlphaDEX Fund Stock Down 0.6%

The company has a market capitalization of $1.11 billion, a PE ratio of 16.75 and a beta of 0.73. The company’s 50 day moving average is $126.63 and its two-hundred day moving average is $117.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in shares of First Trust Health Care AlphaDEX Fund by 59.6% in the first quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock worth $396,000 after buying an additional 1,426 shares in the last quarter. Empowered Funds LLC bought a new position in First Trust Health Care AlphaDEX Fund during the first quarter valued at approximately $871,000. MML Investors Services LLC grew its holdings in First Trust Health Care AlphaDEX Fund by 9.9% during the 2nd quarter. MML Investors Services LLC now owns 14,723 shares of the company’s stock valued at $1,526,000 after buying an additional 1,330 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in First Trust Health Care AlphaDEX Fund by 1,822.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after buying an additional 802 shares in the last quarter. Finally, Corient Private Wealth LLC increased its stake in First Trust Health Care AlphaDEX Fund by 570.8% in the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after acquiring an additional 26,370 shares during 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.