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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $132.40 and last traded at $131.52, with a volume of 46425 shares changing hands. The stock had previously closed at $132.23.

First Trust Health Care AlphaDEX Fund Stock Performance

The firm has a market cap of $1.09 billion, a PE ratio of 16.75 and a beta of 0.73. The company’s 50-day simple moving average is $122.60 and its two-hundred day simple moving average is $116.26.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Health Care AlphaDEX Fund by 14,737.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock worth $139,446,000 after buying an additional 1,216,885 shares during the last quarter. Perryman Financial Advisory Inc. AD bought a new position in First Trust Health Care AlphaDEX Fund in the 4th quarter worth $8,277,000. Bank of America Corp DE raised its holdings in First Trust Health Care AlphaDEX Fund by 21.1% in the 3rd quarter. Bank of America Corp DE now owns 312,581 shares of the company’s stock worth $34,281,000 after purchasing an additional 54,400 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of First Trust Health Care AlphaDEX Fund by 570.8% in the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after purchasing an additional 26,370 shares during the period. Finally, Assetmark Inc. lifted its position in shares of First Trust Health Care AlphaDEX Fund by 11,639.5% in the 4th quarter. Assetmark Inc. now owns 13,970 shares of the company’s stock worth $1,590,000 after purchasing an additional 13,851 shares during the period.

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.