First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 12-Month High – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $127.77 and last traded at $127.5610, with a volume of 9756 shares trading hands. The stock had previously closed at $125.11.

First Trust Health Care AlphaDEX Fund Stock Performance

The company has a 50 day moving average price of $119.39 and a 200 day moving average price of $115.33. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FXH. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Health Care AlphaDEX Fund by 14,737.6% in 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 buying an additional 1,216,885 shares during the last quarter. Perryman Financial Advisory Inc. AD acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the fourth quarter valued at about $8,277,000. Bank of America Corp DE raised its stake in shares of 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 valued at $34,281,000 after acquiring an additional 54,400 shares during the period. Paller Financial Services Inc purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the 4th quarter valued at approximately $4,354,000. Finally, Corient Private Wealth LLC raised its stake in shares of First Trust Health Care AlphaDEX Fund by 570.8% in the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock valued at $3,213,000 after acquiring 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.