First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

First Trust Health Care AlphaDEX Fund Trading Down 0.0 %

The firm has a 50-day moving average of $109.64 and a 200 day moving average of $108.43. The company has a market cap of $1.33 billion, a P/E ratio of 19.31 and a beta of 0.76.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. purchased a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at $26,000. Fifth Third Bancorp bought a new stake in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter worth $33,000. CX Institutional purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the second quarter valued at about $36,000. GAMMA Investing LLC lifted its position in shares of First Trust Health Care AlphaDEX Fund by 1,500.0% during the second quarter. GAMMA Investing LLC now owns 544 shares of the company’s stock valued at $57,000 after purchasing an additional 510 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth about $90,000.

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.