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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price shot up 0.4% during trading on Thursday . The stock traded as high as $106.13 and last traded at $106.01. 24,349 shares were traded during mid-day 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 Price Performance

The company has a market cap of $1.27 billion, a P/E ratio of 19.31 and a beta of 0.76. The stock has a fifty day moving average price of $108.68 and a two-hundred day moving average price of $108.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Brendel Financial Advisors LLC purchased a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at about $664,000. Truist Financial Corp grew its holdings in shares of First Trust Health Care AlphaDEX Fund by 0.7% in the second quarter. Truist Financial Corp now owns 36,495 shares of the company’s stock valued at $3,815,000 after acquiring an additional 261 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of First Trust Health Care AlphaDEX Fund by 4.9% during the second quarter. Thrivent Financial for Lutherans now owns 5,575 shares of the company’s stock valued at $583,000 after acquiring an additional 259 shares during the last quarter. Private Client Services LLC bought a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth $228,000. Finally, Gateway Wealth Partners LLC boosted its position in First Trust Health Care AlphaDEX Fund by 2.8% in the second quarter. Gateway Wealth Partners LLC now owns 14,495 shares of the company’s stock worth $1,515,000 after purchasing an additional 388 shares during the last quarter.

About First Trust Health Care AlphaDEX Fund

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.