First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sets New 1-Year High – Still a Buy?

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

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

The company has a market capitalization of $807.34 million, a P/E ratio of 17.44 and a beta of 1.16. The business’s 50-day moving average price is $80.31 and its two-hundred day moving average price is $78.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the third quarter worth about $27,000. Providence Capital Advisors LLC acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC bought a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 2nd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 2nd quarter worth approximately $39,000. Finally, Ameriflex Group Inc. acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 3rd quarter worth approximately $40,000.

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. 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.