First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Falls 0.9% – What’s Next?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares traded down 0.9% during mid-day trading on Wednesday. The stock traded as low as $64.17 and last traded at $64.46. 7,794 shares traded hands during trading, a decline of 45% from the average session volume of 14,099 shares. The stock had previously closed at $65.06.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The stock has a market cap of $241.72 million, a price-to-earnings ratio of 13.17 and a beta of 1.13. The stock’s 50-day moving average is $67.86 and its 200-day moving average is $67.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FXD. Waverly Advisors LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the second quarter valued at $348,000. Western Wealth Management LLC acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the 1st quarter worth about $48,000. Royal Bank of Canada grew its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 7.6% in the 1st quarter. Royal Bank of Canada now owns 35,331 shares of the company’s stock valued at $2,262,000 after buying an additional 2,498 shares during the period. Fifth Third Bancorp acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 1st quarter valued at about $145,000. Finally, Kestra Advisory Services LLC increased its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 6.4% during the 1st quarter. Kestra Advisory Services LLC now owns 19,034 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,150 shares during the last quarter.

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.