First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Stock Price Down 1.3% – Should You Sell?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price was down 1.3% during mid-day trading on Tuesday . The stock traded as low as $103.45 and last traded at $104.23. Approximately 38,806 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 30,537 shares. The stock had previously closed at $105.64.

First Trust Health Care AlphaDEX Fund Price Performance

The firm has a fifty day simple moving average of $107.81 and a 200-day simple moving average of $108.94. The firm has a market cap of $1.22 billion, a P/E ratio of 14.53 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in First Trust Health Care AlphaDEX Fund by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 591,085 shares of the company’s stock worth $61,550,000 after acquiring an additional 99,996 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter valued at approximately $29,979,000. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 26.3% in the fourth quarter. Ameriprise Financial Inc. now owns 93,193 shares of the company’s stock valued at $9,704,000 after purchasing an additional 19,384 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter valued at approximately $8,301,000. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 0.8% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 64,683 shares of the company’s stock valued at $6,735,000 after purchasing an additional 525 shares in 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.