First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sets New 1-Year High – Should You Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $132.40 and last traded at $131.52, with a volume of 46425 shares changing hands. The stock had previously closed at $132.23.

First Trust Health Care AlphaDEX Fund Trading Down 0.5%

The company has a market cap of $1.09 billion, a P/E ratio of 16.75 and a beta of 0.73. The company’s fifty day moving average is $122.60 and its 200 day moving average is $116.26.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FXH. Jones Financial Companies Lllp boosted its holdings in First Trust Health Care AlphaDEX Fund by 59.6% during the 1st quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock valued at $396,000 after acquiring an additional 1,426 shares during the period. Empowered Funds LLC purchased a new position in First Trust Health Care AlphaDEX Fund in the 1st quarter worth approximately $871,000. MML Investors Services LLC lifted its position in First Trust Health Care AlphaDEX Fund by 9.9% in the second quarter. MML Investors Services LLC now owns 14,723 shares of the company’s stock valued at $1,526,000 after purchasing an additional 1,330 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in First Trust Health Care AlphaDEX Fund by 1,822.7% in the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after purchasing an additional 802 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in First Trust Health Care AlphaDEX Fund by 570.8% in the second quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock valued at $3,213,000 after purchasing an additional 26,370 shares during the last quarter.

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.