First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Shares Break Above 200 Day Moving Average – What’s Next?

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $63.54 and traded as high as $63.80. First Trust Consumer Staples AlphaDEX Fund shares last traded at $63.80, with a volume of 7,391 shares traded.

First Trust Consumer Staples AlphaDEX Fund Price Performance

The stock has a 50 day moving average of $61.19 and a 200 day moving average of $63.54. The firm has a market cap of $223.30 million, a P/E ratio of 16.13 and a beta of 0.50.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

Several institutional investors have recently modified their holdings of FXG. Pacific Sun Financial Corp purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the third quarter worth approximately $474,000. Private Advisor Group LLC bought a new stake in shares of First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter worth approximately $542,000. Madden Advisory Services Inc. purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter valued at $256,000. Independent Advisor Alliance boosted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 12.0% in the 3rd quarter. Independent Advisor Alliance now owns 113,426 shares of the company’s stock valued at $7,196,000 after purchasing an additional 12,159 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter valued at $397,000.

First Trust Consumer Staples AlphaDEX Fund Company Profile

First Trust Consumer Staples 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 Staples 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.