First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 52-Week High – Here’s What Happened

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

First Trust Health Care AlphaDEX Fund Stock Performance

The stock’s 50-day moving average is $123.24 and its two-hundred day moving average is $116.46. The stock has a market cap of $1.08 billion, a PE ratio of 16.75 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the 2nd quarter worth $37,000. Advisory Services Network LLC acquired a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at about $42,000. O Shaughnessy Asset Management LLC boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 1,145.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock valued at $57,000 after buying an additional 458 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 1,822.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after buying an additional 802 shares during the period. Finally, NBC Securities Inc. grew its position in shares of First Trust Health Care AlphaDEX Fund by 18.8% during the fourth quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after buying an additional 137 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.