First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Trading Up 0.6% – Time to Buy?

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) rose 0.6% during trading on Thursday . The stock traded as high as $76.42 and last traded at $76.33. Approximately 62,163 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 62,385 shares. The stock had previously closed at $75.85.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

The company has a market cap of $2.10 billion, a PE ratio of 20.05 and a beta of 1.07. The company’s 50-day simple moving average is $77.14 and its 200 day simple moving average is $76.06.

Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FXR. Wells Fargo & Company MN raised its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 2.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,052,603 shares of the company’s stock valued at $153,555,000 after purchasing an additional 46,723 shares in the last quarter. LPL Financial LLC raised its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 14.4% during the 4th quarter. LPL Financial LLC now owns 760,456 shares of the company’s stock worth $56,890,000 after acquiring an additional 95,907 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter worth $52,193,000. NewEdge Advisors LLC raised its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 6.1% during the 4th quarter. NewEdge Advisors LLC now owns 290,099 shares of the company’s stock worth $21,702,000 after acquiring an additional 16,559 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 6.1% during the 4th quarter. Advisory Services Network LLC now owns 264,388 shares of the company’s stock worth $19,779,000 after acquiring an additional 15,185 shares in the last quarter.

About First Trust Industrials/Producer Durables AlphaDEX Fund

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.