First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Shares Cross Above 200-Day Moving Average – What’s Next?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR)’s share price 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 traded.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Up 3.2%

The stock has a 50-day simple moving average of $84.47 and a 200 day simple moving average of $86.68. The company has a market cap of $728.61 million, a PE ratio of 17.44 and a beta of 1.07.

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

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 8.8% in the 1st quarter. Bank of America Corp DE now owns 395,475 shares of the company’s stock valued at $32,283,000 after acquiring an additional 31,909 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 95.3% during 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. D.A. Davidson & CO. purchased a new position in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the 3rd quarter worth approximately $9,787,000. Virtue Capital Management LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter valued at approximately $5,145,000. Finally, Commonwealth Equity Services LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the 3rd quarter valued at approximately $3,625,000.

First Trust Industrials/Producer Durables AlphaDEX Fund Company Profile

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.