First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 0.4% – Should You Sell?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) fell 0.4% during trading on Wednesday. The company traded as low as $66.22 and last traded at $66.48. Approximately 21,287 shares were traded during mid-day trading, an increase of 57% from the average session volume of 13,582 shares. The stock had previously closed at $66.78.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The firm has a market cap of $263.57 million, a price-to-earnings ratio of 13.17 and a beta of 1.13. The stock has a 50-day moving average of $66.53 and a 200-day moving average of $67.77.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 7.6% in the first quarter. Royal Bank of Canada now owns 35,331 shares of the company’s stock valued at $2,262,000 after acquiring an additional 2,498 shares during the last quarter. TradeWell Securities LLC. boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.6% during the 3rd quarter. TradeWell Securities LLC. now owns 34,947 shares of the company’s stock worth $2,241,000 after buying an additional 2,460 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 6.4% during the first quarter. Kestra Advisory Services LLC now owns 19,034 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,150 shares during the period. International Assets Investment Management LLC boosted its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 270.9% in the third quarter. International Assets Investment Management LLC now owns 11,543 shares of the company’s stock worth $740,000 after acquiring an additional 8,431 shares in the last quarter. Finally, Retirement Planning Group LLC acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter worth about $500,000.

About First Trust Consumer Discretionary AlphaDEX Fund

First Trust Consumer Discretionary 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 Consumer Discretionary 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.