First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Hits New 52-Week High – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $123.20 and last traded at $123.4250, with a volume of 15596 shares changing hands. The stock had previously closed at $122.40.

First Trust Health Care AlphaDEX Fund Stock Performance

The company has a market capitalization of $957.39 million, a PE ratio of 16.75 and a beta of 0.75. The firm’s 50-day simple moving average is $115.29 and its 200 day simple moving average is $114.14.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Vivaldi Capital Management LP grew its position in First Trust Health Care AlphaDEX Fund by 4.4% during the third quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock worth $282,000 after buying an additional 109 shares during the period. NBC Securities Inc. boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 18.8% during the 4th quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after acquiring an additional 137 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,888 shares of the company’s stock worth $442,000 after acquiring an additional 228 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of First Trust Health Care AlphaDEX Fund by 2.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 8,177 shares of the company’s stock worth $931,000 after acquiring an additional 229 shares during the period. Finally, Trueblood Wealth Management LLC grew its holdings in shares of First Trust Health Care AlphaDEX Fund by 6.5% in the 4th quarter. Trueblood Wealth Management LLC now owns 3,746 shares of the company’s stock worth $426,000 after acquiring an additional 229 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.