First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 52-Week High – Here’s Why

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

First Trust Health Care AlphaDEX Fund Price Performance

The business’s 50 day simple moving average is $132.39 and its 200 day simple moving average is $120.78. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.75 and a beta of 0.72.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of First Trust Health Care AlphaDEX Fund by 53.7% in the first quarter. NewEdge Advisors LLC now owns 10,265 shares of the company’s stock worth $1,127,000 after buying an additional 3,585 shares during the period. Royal Bank of Canada lifted its holdings in First Trust Health Care AlphaDEX Fund by 19.4% during the first quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock valued at $8,570,000 after purchasing an additional 12,680 shares in the last quarter. Arkadios Wealth Advisors boosted its position in First Trust Health Care AlphaDEX Fund by 155.1% during the first quarter. Arkadios Wealth Advisors now owns 15,161 shares of the company’s stock worth $1,664,000 after acquiring an additional 9,217 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in First Trust Health Care AlphaDEX Fund by 110.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 5,875 shares of the company’s stock valued at $645,000 after purchasing an additional 3,084 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 18.4% in the first quarter. Vivaldi Capital Management LP now owns 3,378 shares of the company’s stock valued at $371,000 after purchasing an additional 524 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.