First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 52-Week High – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $118.83 and last traded at $118.7940, with a volume of 14297 shares traded. The stock had previously closed at $116.39.

First Trust Health Care AlphaDEX Fund Trading Up 2.1%

The stock’s 50 day moving average is $113.99 and its 200-day moving average is $108.96. The company has a market cap of $980.43 million, a P/E ratio of 16.75 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its position in shares of First Trust Health Care AlphaDEX Fund by 59.6% during the 1st quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock valued at $396,000 after purchasing an additional 1,426 shares during the period. Empowered Funds LLC purchased a new stake in First Trust Health Care AlphaDEX Fund in the 1st quarter worth $871,000. Jacobi Capital Management LLC raised its holdings in First Trust Health Care AlphaDEX Fund by 1.6% during the first quarter. Jacobi Capital Management LLC now owns 7,085 shares of the company’s stock valued at $734,000 after acquiring an additional 109 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust Health Care AlphaDEX Fund by 55.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,865 shares of the company’s stock valued at $193,000 after acquiring an additional 665 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new position in shares of First Trust Health Care AlphaDEX Fund in the second quarter worth about $182,000.

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.