First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Trading Up 2.9% – What’s Next?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXDGet Free Report)’s share price shot up 2.9% during trading on Wednesday . The company traded as high as $64.67 and last traded at $64.67. 11,822 shares changed hands during trading, a decline of 32% from the average session volume of 17,454 shares. The stock had previously closed at $62.83.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 2.9%

The stock has a market cap of $255.45 million, a PE ratio of 13.17 and a beta of 1.14. The stock has a 50-day moving average of $65.57 and a 200 day moving average of $67.60.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. SHP Wealth Management purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth approximately $36,000. Western Wealth Management LLC purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the first quarter worth approximately $48,000. Sound Income Strategies LLC purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth approximately $121,000. Fifth Third Bancorp purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the first quarter worth approximately $145,000. Finally, Advisory Services Network LLC purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth approximately $182,000.

First Trust Consumer Discretionary AlphaDEX Fund Company Profile

(Get Free Report)

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.

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