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

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) saw unusually-strong trading volume on Thursday . Approximately 176,515 shares were traded during mid-day trading, an increase of 114% from the previous session’s volume of 82,490 shares.The stock last traded at $80.0290 and had previously closed at $81.29.

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

The company’s fifty day simple moving average is $87.24 and its 200 day simple moving average is $81.72. The stock has a market capitalization of $703.31 million, a P/E ratio of 17.44 and a beta of 1.16.

Institutional Trading of First Trust Industrials/Producer Durables AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 8,792 shares of the company’s stock worth $612,000 after buying an additional 2,093 shares during the last quarter. Choreo LLC acquired a new position in First Trust Industrials/Producer Durables AlphaDEX Fund in the 2nd quarter worth approximately $232,000. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock valued at $74,000 after purchasing an additional 133 shares during the period. WCG Wealth Advisors LLC grew its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 4.0% during the second quarter. WCG Wealth Advisors LLC now owns 87,760 shares of the company’s stock worth $6,513,000 after acquiring an additional 3,396 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 2nd quarter valued at $39,000.

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.