First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sets New 1-Year High – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $121.11 and last traded at $120.9160, with a volume of 3991 shares changing hands. The stock had previously closed at $118.75.

First Trust Health Care AlphaDEX Fund Price Performance

The stock has a market capitalization of $952.63 million, a price-to-earnings ratio of 16.75 and a beta of 0.75. The stock has a 50 day moving average price of $114.94 and a 200-day moving average price of $114.02.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several large investors have recently made changes to their positions in FXH. Jones Financial Companies Lllp lifted its holdings in First Trust Health Care AlphaDEX Fund by 59.6% during the 1st 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 purchased a new position in First Trust Health Care AlphaDEX Fund in the first quarter valued at approximately $871,000. MML Investors Services LLC grew its position in shares of First Trust Health Care AlphaDEX Fund by 9.9% in 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 during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of First Trust Health Care AlphaDEX Fund by 1,822.7% during the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after purchasing an additional 802 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in First Trust Health Care AlphaDEX Fund by 570.8% during the second quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after buying an additional 26,370 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.