First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Trading 0.9% Higher – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price was up 0.9% on Monday . The company traded as high as $107.30 and last traded at $106.41. Approximately 23,826 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 26,308 shares. The stock had previously closed at $105.45.

First Trust Health Care AlphaDEX Fund Stock Performance

The company has a market cap of $861.92 million, a P/E ratio of 16.75 and a beta of 0.78. The firm has a 50 day moving average price of $113.69 and a 200-day moving average price of $113.15.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steigerwald Gordon & Koch Inc. acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth about $80,000. Kingswood Wealth Advisors LLC grew its holdings in First Trust Health Care AlphaDEX Fund by 676.3% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 18,957 shares of the company’s stock valued at $2,079,000 after buying an additional 16,515 shares during the last quarter. CX Institutional increased its position in First Trust Health Care AlphaDEX Fund by 20.6% in the 3rd quarter. CX Institutional now owns 12,208 shares of the company’s stock worth $1,339,000 after buying an additional 2,085 shares during the period. Silver Oak Securities Incorporated increased its position in First Trust Health Care AlphaDEX Fund by 258.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 6,290 shares of the company’s stock worth $690,000 after buying an additional 4,533 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 5.5% during the third quarter. Farther Finance Advisors LLC now owns 17,872 shares of the company’s stock worth $1,960,000 after buying an additional 928 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.