First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Hits New 52-Week High – What’s Next?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) shares reached a new 52-week high on Wednesday . The stock traded as high as $79.92 and last traded at $79.65, with a volume of 5688 shares. The stock had previously closed at $77.02.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Up 4.3 %

The firm has a market cap of $2.20 billion, a P/E ratio of 20.05 and a beta of 1.07. The business’s 50 day moving average is $74.78 and its two-hundred day moving average is $71.57.

Institutional Investors Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 7.5% in the 1st quarter. Private Advisor Group LLC now owns 26,169 shares of the company’s stock valued at $1,909,000 after acquiring an additional 1,834 shares in the last quarter. Advisory Services Network LLC grew its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 2.6% in the first quarter. Advisory Services Network LLC now owns 236,628 shares of the company’s stock valued at $17,264,000 after acquiring an additional 6,008 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the first quarter valued at approximately $203,000. Oppenheimer & Co. Inc. lifted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 59.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 80,276 shares of the company’s stock worth $5,857,000 after purchasing an additional 29,923 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 4.6% in the 1st quarter. Atomi Financial Group Inc. now owns 7,550 shares of the company’s stock valued at $551,000 after purchasing an additional 329 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.