First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Strong Trading Volume – Still a Buy?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) shares saw an uptick in trading volume on Monday . Approximately 101,429 shares changed 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 Stock Up 0.7%

The firm has a fifty day simple moving average of $87.16 and a 200-day simple moving average of $85.81. The company has a market cap of $728.96 million, a PE ratio of 17.44 and a beta of 1.08.

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

Several large investors have recently modified their holdings of FXR. Ameriflex Group Inc. purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the third quarter worth approximately $40,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter valued at $57,000. Hilton Head Capital Partners LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter worth $61,000. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock worth $74,000 after purchasing an additional 133 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 1st quarter worth $146,000.

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. 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.