First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Reaches New 1-Year High – Time to Buy?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR)’s share price hit a new 52-week high on Thursday . The company traded as high as $77.88 and last traded at $77.70, with a volume of 2944 shares changing hands. The stock had previously closed at $77.68.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

The firm has a market capitalization of $2.13 billion, a PE ratio of 20.05 and a beta of 1.07. The company has a fifty day moving average price of $73.07 and a 200-day moving average price of $70.94.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the first quarter valued at approximately $25,000. Sunbelt Securities Inc. grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 83.1% in the 1st quarter. Sunbelt Securities Inc. now owns 432 shares of the company’s stock valued at $32,000 after acquiring an additional 196 shares during the last quarter. GAMMA Investing LLC purchased a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the third quarter worth $50,000. Russell Investments Group Ltd. bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the first quarter worth $84,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 60.2% during the first quarter. Benjamin Edwards Inc. now owns 2,281 shares of the company’s stock valued at $166,000 after purchasing an additional 857 shares during the period.

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.