First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $86.68 and traded as high as $90.02. First Trust Industrials/Producer Durables AlphaDEX Fund shares last traded at $89.40, with a volume of 19,726 shares changing hands.

First Trust Industrials/Producer Durables AlphaDEX Fund Price Performance

The company has a market cap of $731.46 million, a price-to-earnings ratio of 20.31 and a beta of 1.07. The firm has a 50-day moving average price of $84.61 and a 200 day moving average price of $86.70.

Hedge Funds Weigh In On First Trust Industrials/Producer Durables AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% during the 1st 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Industrials/Producer Durables AlphaDEX Fund by 95.3% during the second 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. bought a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the third quarter worth $9,787,000. Virtue Capital Management LLC acquired a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter valued at $5,145,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter valued at $3,625,000.

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.