First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Trading Down 0.6% – Here’s What Happened

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) was down 0.6% during trading on Wednesday . The company traded as low as $65.04 and last traded at $65.28. 7,441 shares were traded during mid-day trading, a decline of 48% from the average session volume of 14,416 shares. The stock had previously closed at $65.66.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 0.6%

The firm has a 50-day moving average of $69.20 and a 200 day moving average of $67.62. The stock has a market capitalization of $196.49 million, a P/E ratio of 13.17 and a beta of 1.12.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Consumer Discretionary AlphaDEX Fund by 191,455.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 501,876 shares of the company’s stock valued at $34,313,000 after acquiring an additional 501,614 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth about $383,000. Waverly Advisors LLC acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the second quarter worth about $348,000. Royal Bank of Canada lifted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.6% during the 1st quarter. Royal Bank of Canada now owns 35,331 shares of the company’s stock valued at $2,262,000 after purchasing an additional 2,498 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 1st quarter valued at approximately $145,000.

First Trust Consumer Discretionary AlphaDEX Fund Company Profile

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.