First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 52-Week High – Should You Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $127.54 and last traded at $126.6150, with a volume of 7501 shares. The stock had previously closed at $126.20.

First Trust Health Care AlphaDEX Fund Stock Up 1.0%

The stock has a market cap of $997.53 million, a price-to-earnings ratio of 16.75 and a beta of 0.73. The company’s 50-day simple moving average is $116.26 and its 200-day simple moving average is $114.43.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FXH. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 14,737.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock valued at $139,446,000 after purchasing an additional 1,216,885 shares during the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in First Trust Health Care AlphaDEX Fund in the 4th quarter worth about $8,277,000. Bank of America Corp DE increased its stake 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. Paller Financial Services Inc purchased a new position in First Trust Health Care AlphaDEX Fund in the 4th quarter worth about $4,354,000. Finally, Corient Private Wealth LLC raised its holdings in First Trust Health Care AlphaDEX Fund by 570.8% during the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock worth $3,213,000 after buying an additional 26,370 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.