U.S. markets open in 4 hours 56 minutes
  • S&P Futures

    3,335.75
    -47.25 (-1.40%)
     
  • Dow Futures

    26,916.00
    -449.00 (-1.64%)
     
  • Nasdaq Futures

    11,463.75
    -124.25 (-1.07%)
     
  • Russell 2000 Futures

    1,559.00
    -30.00 (-1.89%)
     
  • Crude Oil

    38.15
    -1.42 (-3.59%)
     
  • Gold

    1,904.40
    -7.50 (-0.39%)
     
  • Silver

    24.41
    -0.16 (-0.67%)
     
  • EUR/USD

    1.1763
    -0.0026 (-0.22%)
     
  • 10-Yr Bond

    0.7780
    0.0000 (0.00%)
     
  • Vix

    36.03
    +3.57 (+11.00%)
     
  • GBP/USD

    1.2998
    -0.0043 (-0.33%)
     
  • USD/JPY

    104.2810
    -0.2130 (-0.20%)
     
  • BTC-USD

    13,665.76
    -44.26 (-0.32%)
     
  • CMC Crypto 200

    269.32
    +8.03 (+3.08%)
     
  • FTSE 100

    5,608.03
    -120.96 (-2.11%)
     
  • Nikkei 225

    23,418.51
    -67.29 (-0.29%)
     

Healthcare ETF (FXH) Hits New 52-Week High

Sanghamitra Saha
·2 mins read

Investors seeking momentum may have First Trust Health Care AlphaDEX ETF (FXH) on radar now. The fund recently hit a new 52-week high. Shares of FXH are up approximately 50.3% from their 52-week low of $60.70/share.

But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.

FXH in Focus

The underlying StrataQuant Health Care Index employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. FXH charges investors 62 basis points in fees per year (see all Healthcare ETFs here).

Why the move?

The healthcare sector has been performing well lately on rising vaccine hopes. The World Health Organization has recognised some 10 prime candidates for these potential coronavirus vaccines as these have entered clinical trials. Plus, 114 candidate vaccines are in preclinical evaluation stage. 

More Gains Ahead?

Currently, FXH has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. So, it is difficult to get a handle on its future returns one way or another. The fund has a positive weighted alpha of 26.80. So, there is a decent outlook ahead.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
First Trust Health Care AlphaDEX ETF (FXH): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report