First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 52-Week High – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares reached a new 52-week high on Tuesday . The stock traded as high as $132.44 and last traded at $132.8050, with a volume of 592 shares traded. The stock had previously closed at $131.22.

First Trust Health Care AlphaDEX Fund Trading Up 0.9%

The stock has a fifty day moving average of $123.84 and a 200-day moving average of $116.66. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FXH. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 14,737.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock worth $139,446,000 after buying an additional 1,216,885 shares during the period. Perryman Financial Advisory Inc. AD purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the 4th quarter valued at approximately $8,277,000. Bank of America Corp DE boosted its stake in First Trust Health Care AlphaDEX Fund by 21.1% in the 3rd quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock worth $34,281,000 after purchasing an additional 54,400 shares during the period. Corient Private Wealth LLC grew its position in First Trust Health Care AlphaDEX Fund by 570.8% during the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after purchasing an additional 26,370 shares in the last quarter. Finally, Assetmark Inc. raised its stake in First Trust Health Care AlphaDEX Fund by 11,639.5% during the 4th quarter. Assetmark Inc. now owns 13,970 shares of the company’s stock valued at $1,590,000 after purchasing an additional 13,851 shares during the period.

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.