First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Hits New 52-Week High – Time to Buy?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $87.81 and last traded at $87.2510, with a volume of 71494 shares trading hands. The stock had previously closed at $85.41.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Up 2.2%

The firm has a market capitalization of $807.34 million, a PE ratio of 17.44 and a beta of 1.16. The company has a 50-day moving average of $80.31 and a 200 day moving average of $78.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Daymark Wealth Partners LLC raised its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 333.6% in the third quarter. Daymark Wealth Partners LLC now owns 87,690 shares of the company’s stock valued at $6,845,000 after purchasing an additional 67,464 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth $3,903,000. Nilsine Partners LLC raised its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 19.8% during the 3rd quarter. Nilsine Partners LLC now owns 275,024 shares of the company’s stock valued at $21,468,000 after buying an additional 45,505 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 44.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 116,487 shares of the company’s stock valued at $8,646,000 after buying an additional 36,055 shares in the last quarter. Finally, PGIM Custom Harvest LLC lifted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 334.1% during the 2nd quarter. PGIM Custom Harvest LLC now owns 42,364 shares of the company’s stock worth $3,144,000 after acquiring an additional 32,604 shares during the last quarter.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

First Trust Industrials/Producer Durables AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Industrials Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one year-sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.