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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shot up 0.4% during trading on Thursday . The company traded as high as $106.13 and last traded at $106.01. 24,349 shares traded hands 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 Stock Performance

The stock’s 50 day simple moving average is $108.51 and its 200 day simple moving average is $108.72. The firm has a market capitalization of $1.26 billion, a P/E ratio of 19.31 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Synovus Financial Corp lifted its holdings in First Trust Health Care AlphaDEX Fund by 4.3% in the third quarter. Synovus Financial Corp now owns 5,116 shares of the company’s stock valued at $572,000 after acquiring an additional 213 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Health Care AlphaDEX Fund during the third quarter valued at $126,000. World Investment Advisors LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter worth about $1,239,000. Sanctuary Advisors LLC raised its holdings in First Trust Health Care AlphaDEX Fund by 6.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,527 shares of the company’s stock worth $933,000 after purchasing an additional 480 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its position in First Trust Health Care AlphaDEX Fund by 3.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,869 shares of the company’s stock worth $433,000 after purchasing an additional 112 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.