First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Trading Down 2.3% – Here’s Why

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) traded down 2.3% on Tuesday . The stock traded as low as $69.66 and last traded at $69.79. 11,306 shares were traded during trading, a decline of 59% from the average session volume of 27,817 shares. The stock had previously closed at $71.44.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 2.3%

The firm has a 50 day moving average of $68.54 and a two-hundred day moving average of $67.51. The firm has a market capitalization of $321.03 million, a price-to-earnings ratio of 13.17 and a beta of 1.20.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

A number of large investors have recently bought and sold shares of FXD. IronBridge Private Wealth LLC bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at $4,796,000. BNP Paribas Financial Markets bought a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 2nd quarter valued at about $3,172,000. Goldman Sachs Group Inc. lifted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 78.5% in the first quarter. Goldman Sachs Group Inc. now owns 88,576 shares of the company’s stock valued at $5,128,000 after purchasing an additional 38,953 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 171.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,988 shares of the company’s stock valued at $3,742,000 after acquiring an additional 37,287 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 29.7% in the 1st quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock worth $8,213,000 after acquiring an additional 32,471 shares in 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.