First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) saw unusually-high trading volume on Monday . Approximately 101,429 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 57,904 shares.The stock last traded at $89.94 and had previously closed at $89.99.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

The company’s 50 day simple moving average is $87.02 and its 200 day simple moving average is $85.65. The firm has a market cap of $719.12 million, a price-to-earnings ratio of 17.44 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 59.6% in the first quarter. Wealthfront Advisers LLC now owns 18,983 shares of the company’s stock worth $1,550,000 after buying an additional 7,090 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 6.4% during the first quarter. Kestra Advisory Services LLC now owns 26,780 shares of the company’s stock worth $2,186,000 after acquiring an additional 1,603 shares in the last quarter. Equitable Trust Co. acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the 1st quarter valued at $538,000. Apollon Wealth Management LLC acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 1st quarter worth about $204,000. Finally, BIP Wealth LLC grew its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 34.2% in the 1st quarter. BIP Wealth LLC now owns 5,604 shares of the company’s stock valued at $457,000 after acquiring an additional 1,427 shares in 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.