First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sets New 1-Year High – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price hit a new 52-week high on Tuesday . The company traded as high as $132.44 and last traded at $132.8050, with a volume of 592 shares changing hands. The stock had previously closed at $131.22.

First Trust Health Care AlphaDEX Fund Price Performance

The company has a market capitalization of $1.11 billion, a PE ratio of 16.75 and a beta of 0.73. The business has a 50-day moving average of $124.48 and a 200 day moving average of $116.92.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FXH. Vivaldi Capital Management LP boosted its position in shares of First Trust Health Care AlphaDEX Fund by 4.4% during the 3rd quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock valued at $282,000 after acquiring an additional 109 shares during the last quarter. NBC Securities Inc. raised its stake in First Trust Health Care AlphaDEX Fund by 18.8% during the fourth quarter. NBC Securities Inc. now owns 867 shares of the company’s stock valued at $99,000 after purchasing an additional 137 shares in the last quarter. International Assets Investment Management LLC raised its stake in First Trust Health Care AlphaDEX Fund by 6.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,888 shares of the company’s stock valued at $442,000 after purchasing an additional 228 shares in the last quarter. First Heartland Consultants Inc. lifted its position in First Trust Health Care AlphaDEX Fund by 3.1% during the second quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock valued at $1,168,000 after purchasing an additional 287 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new position in First Trust Health Care AlphaDEX Fund during the second quarter valued at $37,000.

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.