First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $108.39 and traded as high as $111.70. First Trust Health Care AlphaDEX Fund shares last traded at $111.37, with a volume of 22,175 shares traded.

First Trust Health Care AlphaDEX Fund Price Performance

The firm has a market cap of $1.33 billion, a P/E ratio of 19.31 and a beta of 0.76. The company’s 50 day moving average is $109.71 and its two-hundred day moving average is $108.39.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in First Trust Health Care AlphaDEX Fund by 84.3% in the 1st quarter. Cetera Investment Advisers now owns 129,781 shares of the company’s stock worth $14,223,000 after purchasing an additional 59,350 shares during the last quarter. Cetera Advisors LLC boosted its position in First Trust Health Care AlphaDEX Fund by 165.6% in the 1st quarter. Cetera Advisors LLC now owns 39,597 shares of the company’s stock valued at $4,339,000 after buying an additional 24,687 shares during the last quarter. Bank of Montreal Can increased its stake in shares of First Trust Health Care AlphaDEX Fund by 1,354.7% in 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 period. World Investment Advisors LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the third quarter worth $1,239,000. Finally, Benjamin Edwards Inc. lifted its stake in shares of First Trust Health Care AlphaDEX Fund by 945.9% during the third quarter. Benjamin Edwards Inc. now owns 11,860 shares of the company’s stock valued at $1,327,000 after acquiring an additional 10,726 shares during the period.

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.