First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $61.73 and traded as high as $62.12. First Trust Consumer Staples AlphaDEX Fund shares last traded at $61.83, with a volume of 12,858 shares trading hands.

First Trust Consumer Staples AlphaDEX Fund Price Performance

The stock has a 50-day simple moving average of $61.73 and a 200-day simple moving average of $63.60. The stock has a market cap of $210.22 million, a P/E ratio of 15.10 and a beta of 0.50.

Institutional Trading of First Trust Consumer Staples AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 5.7% in the 1st quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock valued at $549,000 after acquiring an additional 463 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 4.2% during the 1st quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock valued at $765,000 after acquiring an additional 488 shares in the last quarter. Milestones Private Investment Advisors LLC boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 2.6% during the 1st quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $3,702,000 after acquiring an additional 1,456 shares in the last quarter. Fifth Third Bancorp bought a new stake in First Trust Consumer Staples AlphaDEX Fund during the 1st quarter worth $191,000. Finally, Cetera Investment Advisers grew its position in First Trust Consumer Staples AlphaDEX Fund by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after acquiring an additional 4,297 shares during the last quarter.

About First Trust Consumer Staples AlphaDEX Fund

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.