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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday. The stock traded as high as $136.64 and last traded at $136.81, with a volume of 14,922 shares trading hands. The stock had previously closed at $134.95.

First Trust Health Care AlphaDEX Fund Trading Up 1.0%

The business’s 50-day simple moving average is $132.25 and its 200-day simple moving average is $120.59. The company has a market cap of $1.15 billion, a PE ratio of 16.75 and a beta of 0.72.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter worth about $26,000. TD Waterhouse Canada Inc. acquired a new position in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth $29,000. Allied Private Wealth LLC bought a new stake in First Trust Health Care AlphaDEX Fund during the second quarter worth about $37,000. Security National Bank of Sioux City Iowa IA bought a new position in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter valued at about $39,000. Finally, Physician Wealth Advisors Inc. acquired a new position in First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at about $40,000.

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.

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