First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 52-Week High – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $127.54 and last traded at $126.6150, with a volume of 7501 shares. The stock had previously closed at $126.20.

First Trust Health Care AlphaDEX Fund Price Performance

The company has a market cap of $995.04 million, a P/E ratio of 16.75 and a beta of 0.73. The company has a fifty day simple moving average of $116.76 and a 200-day simple moving average of $114.60.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FXH. Jones Financial Companies Lllp increased its stake in First Trust Health Care AlphaDEX Fund by 59.6% in the 1st 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 in the last quarter. Empowered Funds LLC purchased a new stake in First Trust Health Care AlphaDEX Fund during the first quarter valued at about $871,000. MML Investors Services LLC boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 9.9% in the second quarter. MML Investors Services LLC now owns 14,723 shares of the company’s stock worth $1,526,000 after buying an additional 1,330 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 1,822.7% in the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after buying an additional 802 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 570.8% in 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.