First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Shares Down 1.3% – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH)’s share price traded down 1.3% on Tuesday . The stock traded as low as $103.45 and last traded at $104.23. 38,806 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 30,537 shares. The stock had previously closed at $105.64.

First Trust Health Care AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.25 billion, a P/E ratio of 14.53 and a beta of 0.76. The company has a fifty day moving average of $107.83 and a two-hundred day moving average of $109.05.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of First Trust Health Care AlphaDEX Fund in the 4th quarter worth about $29,979,000. Wells Fargo & Company MN lifted its holdings in First Trust Health Care AlphaDEX Fund by 20.4% in the fourth quarter. Wells Fargo & Company MN now owns 591,085 shares of the company’s stock worth $61,550,000 after acquiring an additional 99,996 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in First Trust Health Care AlphaDEX Fund in the fourth quarter valued at approximately $8,301,000. Independent Advisor Alliance bought a new position in shares of First Trust Health Care AlphaDEX Fund during the fourth quarter valued at approximately $3,753,000. Finally, Financial Advisory Corp acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter worth approximately $2,485,000.

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.