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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) hit a new 52-week high on Wednesday . The stock traded as high as $135.49 and last traded at $135.5590, with a volume of 3049 shares traded. The stock had previously closed at $135.29.

First Trust Health Care AlphaDEX Fund Price Performance

The business has a 50-day simple moving average of $125.87 and a 200-day simple moving average of $117.50. The firm has a market capitalization of $1.12 billion, a PE ratio of 16.75 and a beta of 0.73.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allied Private Wealth LLC purchased a new position in First Trust Health Care AlphaDEX Fund during the second quarter worth $37,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the third quarter valued at $42,000. O Shaughnessy Asset Management LLC raised its stake in shares of First Trust Health Care AlphaDEX Fund by 1,145.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock valued at $57,000 after acquiring an additional 458 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 1,822.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after acquiring an additional 802 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 18.8% in the 4th quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after acquiring an additional 137 shares during the last quarter.

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.