First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 12-Month High – What’s Next?

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $132.44 and last traded at $132.8050, with a volume of 592 shares changing hands. The stock had previously closed at $131.22.

First Trust Health Care AlphaDEX Fund Stock Performance

The stock has a 50 day moving average price of $123.84 and a 200 day moving average price of $116.66. The company has a market cap of $1.09 billion, a P/E ratio of 16.75 and a beta of 0.73.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FXH. Allied Private Wealth LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter worth approximately $37,000. Advisory Services Network LLC bought a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth approximately $42,000. O Shaughnessy Asset Management LLC boosted its holdings in First Trust Health Care AlphaDEX Fund by 1,145.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock worth $57,000 after buying an additional 458 shares in the last quarter. Smartleaf Asset Management LLC grew its position in 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 last quarter. Finally, NBC Securities Inc. grew its position in First Trust Health Care AlphaDEX Fund by 18.8% in the fourth quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after buying an additional 137 shares during 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.