First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Stock Price Up 0.2% – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price rose 0.2% during trading on Monday . The stock traded as high as $108.41 and last traded at $108.11. Approximately 35,098 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 46,663 shares. The stock had previously closed at $107.91.

First Trust Health Care AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.31 billion, a P/E ratio of 19.31 and a beta of 0.76. The firm has a 50-day simple moving average of $107.57 and a 200 day simple moving average of $108.99.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FXH. Janney Montgomery Scott LLC purchased a new position in First Trust Health Care AlphaDEX Fund in the fourth quarter worth $8,301,000. Bank of Montreal Can lifted its position in shares of First Trust Health Care AlphaDEX Fund by 1,354.7% during the 3rd quarter. Bank of Montreal Can now owns 18,126 shares of the company’s stock valued at $1,907,000 after buying an additional 16,880 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter valued at $1,239,000. Benjamin Edwards Inc. lifted its holdings in First Trust Health Care AlphaDEX Fund by 945.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 11,860 shares of the company’s stock worth $1,327,000 after purchasing an additional 10,726 shares in the last quarter. Finally, Schrum Private Wealth Management LLC lifted its holdings in First Trust Health Care AlphaDEX Fund by 68.0% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 25,436 shares of the company’s stock worth $2,845,000 after purchasing an additional 10,298 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.