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

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) reached a new 52-week high on Friday . The company traded as high as $76.46 and last traded at $76.46, with a volume of 1534 shares trading hands. The stock had previously closed at $75.37.

First Trust Industrials/Producer Durables AlphaDEX Fund Trading Up 1.7 %

The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 20.05 and a beta of 1.07. The stock has a fifty day moving average of $72.55 and a two-hundred day moving average of $70.86.

Institutional Investors Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Novak & Powell Financial Services Inc. acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the fourth quarter worth $291,000. Centaurus Financial Inc. grew its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 9,205 shares of the company’s stock valued at $597,000 after purchasing an additional 157 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 45.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 70,532 shares of the company’s stock valued at $4,575,000 after buying an additional 22,003 shares during the period. PNC Financial Services Group Inc. lifted its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,258 shares of the company’s stock valued at $471,000 after acquiring an additional 826 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the first quarter valued at about $25,000.

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.