First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 12-Month High – Should You Buy?

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

First Trust Health Care AlphaDEX Fund Stock Performance

The company’s 50 day moving average price is $131.90 and its 200 day moving average price is $123.11. The company has a market cap of $1.14 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

A number of large investors have recently bought and sold shares of FXH. TD Waterhouse Canada Inc. acquired a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth $29,000. Allied Private Wealth LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter worth about $37,000. Physician Wealth Advisors Inc. bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth about $40,000. Security National Bank of Sioux City Iowa IA bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter worth about $39,000. Finally, CoreCap Advisors LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter valued at about $110,000.

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.