FXH - First Trust Health Care AlphaDEX Fund
|Ex-Dividend Date||Jun 21, 2013|
|Trading Day||April 21|
|Day's Range||113.68 - 115.30|
|52-Week Range||81.49 - 115.30|
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant® Health Care Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by IDI to objectively identify and select stocks from the Russell 1000® Index in the health care sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.
|Asset Class |
|Inception Date |
May 8, 2007
|Ticker Symbol |
|Index Tracked |
StrataQuant Health Care Index
The fund FXH has hit a 52-week high on May 28. Can it rally further?
The U.S. labor market has been in great shape defying slowdown worries. Unemployment rate fell to a fresh 49-year low in April.
For the First Trust Health Care AlphaDEX Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $85.29 per unit.
For the First Trust Health Care AlphaDEX Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $85.17 per unit.