First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

by · The Markets Daily

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $86.63 and traded as high as $87.16. First Trust Industrials/Producer Durables AlphaDEX Fund shares last traded at $87.16, with a volume of 15,220 shares.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

The company has a market capitalization of $708.72 million, a P/E ratio of 17.44 and a beta of 1.07. The company has a 50 day moving average of $84.51 and a 200-day moving average of $86.63.

Institutional Trading of First Trust Industrials/Producer Durables AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXR. Bank of America Corp DE grew its stake 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 worth $32,283,000 after acquiring an additional 31,909 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 last quarter. D.A. Davidson & CO. purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth about $9,787,000. Virtue Capital Management LLC purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth about $5,145,000. Finally, Crumly & Associates Inc. bought a new position in First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter worth about $2,759,000.

About First Trust Industrials/Producer Durables AlphaDEX Fund

(Get Free Report)

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.

Recommended Stories