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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) reached a new 52-week high on Tuesday. The stock traded as high as $139.55 and last traded at $139.23, with a volume of 21,594 shares. The stock had previously closed at $137.67.

First Trust Health Care AlphaDEX Fund Trading Down 3.7%

The company has a market cap of $1.17 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73. The business has a fifty day moving average price of $132.74 and a two-hundred day moving average price of $121.23.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 9.4% during the second quarter. Ameritas Advisory Services LLC now owns 2,022 shares of the company’s stock worth $247,000 after buying an additional 173 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth about $26,000. TD Waterhouse Canada Inc. bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth approximately $29,000. Quest 10 Wealth Builders Inc. acquired a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth $30,000. Finally, First Heartland Consultants Inc. lifted its holdings in First Trust Health Care AlphaDEX Fund by 3.1% during the 2nd quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock valued at $1,168,000 after purchasing an additional 287 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Company Profile

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.