Industrial ETF (FXR) Hits New 52-Week High

Investors who are looking for a boost in their portfolios might want to consider keeping an eye on the First Trust Industrials/Producer Durables AlphaDEX ETF, known as FXR. This fund recently reached its highest value in the past year and has experienced a remarkable increase of 30.5% from its lowest point of $45.25 per share.

However, are there additional profits on the horizon for this Exchange Traded Fund (ETF)? Let's briefly examine the fund and its short-term projections to gain a clearer understanding of its potential path.

The AMEX has created the StrataQuant Industrials Index, which is a weighted index that aims to identify and choose stocks from the Russell 1000 Index. This index is designed to generate positive alpha, surpassing typical passive style indices, by utilizing the AlphaDEX screening methodology. The annual fees for this index amount to 61 basis points. You can find further information about all the Industrials ETFs by visiting this page.

The sector within the overall market that focuses on industrial businesses has attracted attention recently because business conditions are favorable and demand appears solid. While the first six months of 2023 may pose challenges for industrial activities due to elevated inflation and supply chain issues, manufacturing companies have expressed positivity regarding the business outlook for the latter half of the year. Additionally, the increasing use of automation will further benefit operations within this sector.

At present, FXR holds a Zacks ETF Rank #2 (Purchase) with a moderate risk perspective.

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First Trust Industrials/Producer Durables AlphaDEX ETF (FXR): Analysis of Exchange-Traded Funds

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