First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Down 1.3% – Should You Sell?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price was down 1.3% on Tuesday . The company traded as low as $103.45 and last traded at $104.23. Approximately 38,806 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 30,537 shares. The stock had previously closed at $105.64.

First Trust Health Care AlphaDEX Fund Price Performance

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.53 and a beta of 0.76. The stock has a 50 day moving average price of $107.81 and a two-hundred day moving average price of $108.94.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FXH. Valley Wealth Managers Inc. acquired a new stake in First Trust Health Care AlphaDEX Fund in the third quarter worth about $26,000. Blue Trust Inc. acquired a new stake in First Trust Health Care AlphaDEX Fund in the fourth quarter worth about $42,000. Ameriflex Group Inc. acquired a new stake in First Trust Health Care AlphaDEX Fund in the fourth quarter worth about $50,000. Synergy Investment Management LLC acquired a new stake in First Trust Health Care AlphaDEX Fund in the fourth quarter worth about $56,000. Finally, Tucker Asset Management LLC increased its position in First Trust Health Care AlphaDEX Fund by 16.8% in the fourth quarter. Tucker Asset Management LLC now owns 710 shares of the company’s stock worth $74,000 after purchasing an additional 102 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.