First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR – Get Free Report) rose 0.1% during mid-day trading on Monday. The company traded as high as $83.75 and last traded at $83.25. Approximately 35,628 shares traded hands during trading, a decline of 26% from the average session volume of 48,126 shares. The stock had previously closed at $83.17.
First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance
The business’s fifty day simple moving average is $86.95 and its two-hundred day simple moving average is $86.70. The company has a market cap of $690.98 million, a PE ratio of 17.44 and a beta of 1.07.
Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund
Several institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 95.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 202,542 shares of the company’s stock worth $18,456,000 after purchasing an additional 98,860 shares during the period. Bank of America Corp DE increased its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% in the first quarter. Bank of America Corp DE now owns 395,475 shares of the company’s stock valued at $32,283,000 after buying an additional 31,909 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 59.6% in the first quarter. Wealthfront Advisers LLC now owns 18,983 shares of the company’s stock valued at $1,550,000 after buying an additional 7,090 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 1st quarter worth approximately $545,000. Finally, Equitable Trust Co. acquired a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 1st quarter worth approximately $538,000.
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. 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.
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