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

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) 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 stock’s 50-day moving average price is $113.17 and its 200 day moving average price is $107.62. The firm has a market capitalization 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

A number of institutional investors and hedge funds have recently bought and sold shares of FXH. Crews Bank & Trust bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter worth $37,000. Advisory Services Network LLC purchased a new stake in First Trust Health Care AlphaDEX Fund in the third quarter worth about $42,000. Capital Analysts LLC lifted its stake in First Trust Health Care AlphaDEX Fund by 300.9% in the first quarter. Capital Analysts LLC now owns 469 shares of the company’s stock worth $49,000 after acquiring an additional 352 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in First Trust Health Care AlphaDEX Fund by 62.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 526 shares of the company’s stock worth $55,000 after acquiring an additional 203 shares in the last quarter. Finally, Founders Financial Alliance LLC purchased a new position in First Trust Health Care AlphaDEX Fund during the 3rd quarter valued at about $55,000.

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.