First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Hits New 12-Month High – What’s Next?

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) reached a new 52-week high on Wednesday . The company traded as high as $88.69 and last traded at $88.2690, with a volume of 25175 shares. The stock had previously closed at $86.85.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

The firm has a market cap of $789.96 million, a price-to-earnings ratio of 17.44 and a beta of 1.16. The firm has a fifty day simple moving average of $82.57 and a 200-day simple moving average of $79.57.

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

Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 15.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,002 shares of the company’s stock worth $74,000 after acquiring an additional 133 shares during the period. Prosperity Consulting Group LLC grew its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 1.1% in the 3rd quarter. Prosperity Consulting Group LLC now owns 15,887 shares of the company’s stock valued at $1,240,000 after buying an additional 168 shares in the last quarter. Element Wealth LLC increased its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 1.0% during the 3rd quarter. Element Wealth LLC now owns 19,723 shares of the company’s stock worth $1,540,000 after buying an additional 192 shares during the period. Claro Advisors LLC lifted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 4.6% during the second quarter. Claro Advisors LLC now owns 5,096 shares of the company’s stock worth $378,000 after buying an additional 225 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 2.8% in the second quarter. Centaurus Financial Inc. now owns 9,427 shares of the company’s stock valued at $700,000 after acquiring an additional 257 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. 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.