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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $135.92 and last traded at $135.1360, with a volume of 8,102 shares traded. The stock had previously closed at $135.05.

First Trust Health Care AlphaDEX Fund Price Performance

The stock has a market cap of $1.14 billion, a P/E ratio of 16.75 and a beta of 0.72. The company has a fifty day moving average of $131.90 and a 200 day moving average of $123.11.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the third quarter valued at $29,000. Allied Private Wealth LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter valued at $37,000. Physician Wealth Advisors Inc. acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at $40,000. Security National Bank of Sioux City Iowa IA purchased a new position in First Trust Health Care AlphaDEX Fund in the 2nd quarter worth about $39,000. Finally, CoreCap Advisors LLC purchased a new position in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth about $110,000.

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.