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

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) saw unusually-strong trading volume on Thursday . Approximately 92,142 shares traded hands during trading, an increase of 45% from the previous session’s volume of 63,675 shares.The stock last traded at $75.13 and had previously closed at $74.81.

First Trust Industrials/Producer Durables AlphaDEX Fund Trading Up 1.2 %

The stock has a market capitalization of $2.06 billion, a PE ratio of 20.05 and a beta of 1.07. The stock has a 50 day moving average price of $78.85 and a 200-day moving average price of $74.39.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 3.3% in the second quarter. NewEdge Advisors LLC now owns 273,418 shares of the company’s stock worth $18,609,000 after acquiring an additional 8,668 shares during the period. Benjamin Edwards Inc. increased its stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 7,601.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 194,295 shares of the company’s stock worth $14,730,000 after purchasing an additional 191,772 shares in the last quarter. D.A. Davidson & CO. raised its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 10.2% in the 3rd quarter. D.A. Davidson & CO. now owns 189,255 shares of the company’s stock worth $14,338,000 after purchasing an additional 17,447 shares during the period. Truist Financial Corp lifted its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 2.0% during the second quarter. Truist Financial Corp now owns 162,016 shares of the company’s stock valued at $11,027,000 after purchasing an additional 3,211 shares in the last quarter. Finally, Gateway Advisory LLC grew its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 1.6% during the second quarter. Gateway Advisory LLC now owns 90,080 shares of the company’s stock valued at $6,131,000 after purchasing an additional 1,455 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.