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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) hit a new 52-week high during trading on Thursday . The stock traded as high as $121.11 and last traded at $120.9160, with a volume of 3991 shares traded. The stock had previously closed at $118.75.

First Trust Health Care AlphaDEX Fund Stock Performance

The company’s 50-day moving average price is $114.62 and its 200 day moving average price is $113.92. The stock has a market capitalization of $934.27 million, a PE ratio of 16.75 and a beta of 0.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vivaldi Capital Management LP boosted its position in shares of First Trust Health Care AlphaDEX Fund by 4.4% during the third quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock valued at $282,000 after purchasing an additional 109 shares in the last quarter. First Heartland Consultants Inc. lifted its position in First Trust Health Care AlphaDEX Fund by 1.4% during the third quarter. First Heartland Consultants Inc. now owns 9,420 shares of the company’s stock valued at $1,033,000 after buying an additional 134 shares during the period. NBC Securities Inc. boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 18.8% during the 4th quarter. NBC Securities Inc. now owns 867 shares of the company’s stock valued at $99,000 after buying an additional 137 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,888 shares of the company’s stock valued at $442,000 after buying an additional 228 shares in the last quarter. Finally, Trueblood Wealth Management LLC grew its position in shares of First Trust Health Care AlphaDEX Fund by 6.5% in the 4th quarter. Trueblood Wealth Management LLC now owns 3,746 shares of the company’s stock worth $426,000 after buying an additional 229 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.