First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR) Stock Price Down 0.5% – Time to Sell?

First Trust Industrials/Producer Durables AlphaDEX Fund (NYSEARCA:FXR)’s share price dropped 0.5% during trading on Thursday . The stock traded as low as $70.60 and last traded at $71.03. Approximately 51,387 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 56,789 shares. The stock had previously closed at $71.38.

First Trust Industrials/Producer Durables AlphaDEX Fund Trading Down 0.5 %

The firm’s fifty day moving average price is $74.67 and its two-hundred day moving average price is $76.30. The stock has a market capitalization of $1.79 billion, a PE ratio of 20.03 and a beta of 1.22.

First Trust Industrials/Producer Durables AlphaDEX Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a $0.1107 dividend. The ex-dividend date is Thursday, March 27th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FXR. Elevation Wealth Partners LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund in the 4th quarter worth about $62,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust Industrials/Producer Durables AlphaDEX Fund during the third quarter worth approximately $65,000. Sunbelt Securities Inc. lifted its holdings in First Trust Industrials/Producer Durables AlphaDEX Fund by 511.4% in the 4th quarter. Sunbelt Securities Inc. now owns 1,443 shares of the company’s stock valued at $108,000 after purchasing an additional 1,207 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter worth $120,000. Finally, Advisors Preferred LLC acquired a new stake in First Trust Industrials/Producer Durables AlphaDEX Fund during the 4th quarter worth $148,000.

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.