First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) saw an uptick in trading volume on Friday . 96,548 shares traded hands during trading, an increase of 70% from the previous session’s volume of 56,954 shares.The stock last traded at $69.58 and had previously closed at $71.03.

First Trust Industrials/Producer Durables AlphaDEX Fund Stock Down 2.5 %

The firm has a 50 day moving average of $74.67 and a 200-day moving average of $76.30. The company has a market cap of $1.74 billion, a P/E ratio of 20.03 and a beta of 1.22.

First Trust Industrials/Producer Durables AlphaDEX Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.1107 per share. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,052,603 shares of the company’s stock worth $153,555,000 after purchasing an additional 46,723 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 14.4% in the fourth quarter. LPL Financial LLC now owns 760,456 shares of the company’s stock valued at $56,890,000 after purchasing an additional 95,907 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter worth about $52,193,000. NewEdge Advisors LLC raised its stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 6.1% during the 4th quarter. NewEdge Advisors LLC now owns 290,099 shares of the company’s stock valued at $21,702,000 after buying an additional 16,559 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of First Trust Industrials/Producer Durables AlphaDEX Fund by 6.1% in the 4th quarter. Advisory Services Network LLC now owns 264,388 shares of the company’s stock valued at $19,779,000 after buying an additional 15,185 shares during the period.

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.