First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sets New 52-Week High – Still a Buy?

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

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

The company has a market cap of $2.20 billion, a price-to-earnings ratio of 20.05 and a beta of 1.07. The company has a fifty day moving average of $74.78 and a two-hundred day moving average of $71.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Schrum Private Wealth Management LLC increased its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 62.0% in the third quarter. Schrum Private Wealth Management LLC now owns 43,044 shares of the company’s stock valued at $3,261,000 after purchasing an additional 16,470 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the third quarter valued at about $201,000. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the third quarter valued at about $4,205,000. Harbour Investments Inc. raised its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 2.1% during the third quarter. Harbour Investments Inc. now owns 36,246 shares of the company’s stock worth $2,746,000 after acquiring an additional 755 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the third quarter worth approximately $35,000.

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.