First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 12-Month High – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price hit a new 52-week high on Monday . The company traded as high as $114.88 and last traded at $114.9950, with a volume of 1273 shares changing hands. The stock had previously closed at $113.64.

First Trust Health Care AlphaDEX Fund Stock Up 1.8%

The stock has a fifty day moving average of $111.11 and a 200-day moving average of $105.96. The firm has a market capitalization of $948.95 million, a P/E ratio of 16.75 and a beta of 0.78.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FXH. Susquehanna International Group LLP lifted its holdings in First Trust Health Care AlphaDEX Fund by 77.9% during the 3rd quarter. Susquehanna International Group LLP now owns 10,347 shares of the company’s stock worth $1,135,000 after buying an additional 4,532 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Health Care AlphaDEX Fund by 3.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 8,257 shares of the company’s stock worth $906,000 after acquiring an additional 303 shares during the last quarter. Flow Traders U.S. LLC lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 12.6% during the third quarter. Flow Traders U.S. LLC now owns 3,690 shares of the company’s stock valued at $405,000 after acquiring an additional 412 shares during the period. Focus Partners Wealth acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the third quarter valued at $252,000. Finally, Bank of America Corp DE boosted its holdings in First Trust Health Care AlphaDEX Fund by 21.1% in the third 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 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.