First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Stock Price Up 0.1% – Still a Buy?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR)’s stock price rose 0.1% on Monday. The company traded as high as $83.75 and last traded at $83.25. Approximately 35,628 shares changed hands during trading, a decline of 26% from the average daily volume of 48,126 shares. The stock had previously closed at $83.17.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

The company’s fifty day simple moving average is $86.95 and its 200-day simple moving average is $86.70. The firm has a market capitalization of $690.98 million, a PE ratio of 17.44 and a beta of 1.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA acquired a new position in First Trust Industrials/Producer Durables AlphaDEX Fund during the second quarter worth $150,000. Compass Financial Management LLC purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 2nd quarter worth $62,000. Western Wealth Management LLC acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 1st quarter valued at about $146,000. Bank of America Corp DE boosted its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% during the 1st quarter. Bank of America Corp DE now owns 395,475 shares of the company’s stock valued at $32,283,000 after acquiring an additional 31,909 shares during the last quarter. Finally, Gateway Wealth Partners LLC purchased a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the first quarter valued at about $243,000.

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.