First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 12-Month High – Here’s Why

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as $135.92 and last traded at $135.1360, with a volume of 8,102 shares trading hands. The stock had previously closed at $135.05.

First Trust Health Care AlphaDEX Fund Price Performance

The company’s 50-day moving average is $132.06 and its two-hundred day moving average is $123.47. The firm has a market cap of $1.15 billion, a P/E ratio of 16.75 and a beta of 0.72.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth approximately $26,000. TD Waterhouse Canada Inc. acquired a new position in First Trust Health Care AlphaDEX Fund during the third quarter valued at approximately $29,000. Allied Private Wealth LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the second quarter valued at approximately $37,000. Security National Bank of Sioux City Iowa IA acquired a new position in First Trust Health Care AlphaDEX Fund during the second quarter valued at approximately $39,000. Finally, Physician Wealth Advisors Inc. bought a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth $40,000.

About First Trust Health Care AlphaDEX Fund

(Get Free Report)

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.

Further Reading

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