First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Stock Price Down 0.4% – Time to Sell?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) fell 0.4% during mid-day trading on Thursday . The stock traded as low as $114.51 and last traded at $115.62. 13,754 shares traded hands during trading, a decline of 55% from the average session volume of 30,549 shares. The stock had previously closed at $116.04.

First Trust Health Care AlphaDEX Fund Trading Up 0.5%

The company has a market capitalization of $941.54 million, a price-to-earnings ratio of 16.75 and a beta of 0.78. The firm’s 50 day moving average price is $115.69 and its two-hundred day moving average price is $112.72.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake 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 purchasing an additional 1,426 shares during the last quarter. Empowered Funds LLC bought a new stake in First Trust Health Care AlphaDEX Fund during the first quarter worth $871,000. Atria Investments Inc grew its holdings in First Trust Health Care AlphaDEX Fund by 16.3% during the second quarter. Atria Investments Inc now owns 4,230 shares of the company’s stock worth $439,000 after buying an additional 592 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in First Trust Health Care AlphaDEX Fund by 109.5% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 124,184 shares of the company’s stock valued at $12,875,000 after buying an additional 64,914 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in First Trust Health Care AlphaDEX Fund by 15.6% during the 2nd quarter. Allworth Financial LP now owns 1,960 shares of the company’s stock valued at $203,000 after acquiring an additional 264 shares in the last quarter.

First Trust Health Care AlphaDEX Fund Company Profile

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.