First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 12-Month High – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $139.55 and last traded at $139.23, with a volume of 21,594 shares trading hands. The stock had previously closed at $137.67.

First Trust Health Care AlphaDEX Fund Stock Performance

The stock’s 50-day moving average is $132.51 and its two-hundred day moving average is $120.99. The stock has a market cap of $1.17 billion, a PE ratio of 16.75 and a beta of 0.72.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in First Trust Health Care AlphaDEX Fund by 59.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 94,077 shares of the company’s stock valued at $11,515,000 after acquiring an additional 35,197 shares during the period. Perryman Financial Advisory Inc. AD purchased a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth about $9,797,000. Royal Bank of Canada lifted its position in shares of First Trust Health Care AlphaDEX Fund by 19.4% during the first quarter. Royal Bank of Canada now owns 78,075 shares of the company’s stock worth $8,570,000 after purchasing an additional 12,680 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the third quarter worth about $8,068,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the third quarter valued at approximately $6,631,000.

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.