First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Up 0.5% – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price shot up 0.5% during trading on Monday . The company traded as high as $115.50 and last traded at $115.47. 8,920 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 27,943 shares. The stock had previously closed at $114.89.

First Trust Health Care AlphaDEX Fund Price Performance

The business has a fifty day simple moving average of $113.17 and a two-hundred day simple moving average of $107.62. The company has a market cap of $946.85 million, a PE ratio of 16.75 and a beta of 0.78.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust purchased a new position in First Trust Health Care AlphaDEX Fund in the second quarter valued at about $37,000. Advisory Services Network LLC acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the third quarter worth $42,000. Capital Analysts LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 300.9% during the 1st quarter. Capital Analysts LLC now owns 469 shares of the company’s stock valued at $49,000 after purchasing an additional 352 shares during the last quarter. Founders Financial Alliance LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter valued at $55,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of First Trust Health Care AlphaDEX Fund by 62.8% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 526 shares of the company’s stock worth $55,000 after purchasing an additional 203 shares in 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.