First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Stock Price Down 0.7% – Here’s Why

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) shares were down 0.7% on Thursday . The company traded as low as $70.85 and last traded at $71.30. Approximately 63,454 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 57,328 shares. The stock had previously closed at $71.81.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Performance

The stock’s 50 day simple moving average is $76.09 and its two-hundred day simple moving average is $76.45. The firm has a market capitalization of $1.84 billion, a PE ratio of 17.97 and a beta of 1.22.

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

A number of institutional investors have recently added to or reduced their stakes in FXR. Harbour Investments Inc. raised its stake in 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 purchasing an additional 755 shares during the period. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 3rd quarter worth approximately $4,205,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 3rd quarter valued at approximately $201,000. Schrum Private Wealth Management LLC lifted 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 acquiring an additional 16,470 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in First Trust Industrials/Producer Durables AlphaDEX Fund by 10.2% in the third quarter. D.A. Davidson & CO. now owns 189,255 shares of the company’s stock worth $14,338,000 after acquiring an additional 17,447 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.