First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Trading 0.4% Higher – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shot up 0.4% during mid-day trading on Thursday . The company traded as high as $106.13 and last traded at $106.01. 24,349 shares changed hands during trading, a decline of 15% from the average session volume of 28,615 shares. The stock had previously closed at $105.59.

First Trust Health Care AlphaDEX Fund Stock Up 0.4 %

The firm has a market cap of $1.27 billion, a P/E ratio of 19.31 and a beta of 0.76. The firm’s 50-day simple moving average is $108.68 and its 200 day simple moving average is $108.74.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FXH. Valley Wealth Managers Inc. bought a new position in First Trust Health Care AlphaDEX Fund during the third quarter valued at $26,000. Truvestments Capital LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth $90,000. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth about $126,000. Creative Financial Designs Inc. ADV raised its stake in First Trust Health Care AlphaDEX Fund by 10.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,616 shares of the company’s stock valued at $181,000 after acquiring an additional 152 shares during the period. Finally, Brookstone Capital Management purchased a new stake in First Trust Health Care AlphaDEX Fund during the third quarter valued at about $202,000.

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.