First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Stock Price Down 0.6% – Should You Sell?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price dropped 0.6% during mid-day trading on Monday . The company traded as low as $115.59 and last traded at $115.88. Approximately 6,089 shares changed hands during trading, a decline of 74% from the average daily volume of 23,240 shares. The stock had previously closed at $116.62.

First Trust Health Care AlphaDEX Fund Price Performance

The business has a 50 day moving average of $113.30 and a 200 day moving average of $113.87. The firm has a market capitalization of $904.89 million, a price-to-earnings ratio of 16.75 and a beta of 0.75.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC boosted its holdings in First Trust Health Care AlphaDEX Fund by 9.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 20,797 shares of the company’s stock worth $2,367,000 after buying an additional 1,840 shares during the last quarter. Iams Wealth Management LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter valued at about $678,000. Trueblood Wealth Management LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 6.5% during the 4th quarter. Trueblood Wealth Management LLC now owns 3,746 shares of the company’s stock valued at $426,000 after purchasing an additional 229 shares in the last quarter. Balboa Wealth Partners bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter valued at about $252,000. Finally, Paller Financial Services Inc bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter valued at about $4,354,000.

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.