First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Up 2.9% – Here’s What Happened

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares 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 were traded during mid-day 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 Trading Up 0.7%

The company has a market cap of $261.02 million, a PE ratio of 13.17 and a beta of 1.14. The stock has a 50 day moving average price of $65.57 and a 200 day moving average price of $67.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 1.3% in the 4th quarter. Wells Fargo & Company MN now owns 502,242 shares of the company’s stock worth $34,338,000 after purchasing an additional 6,488 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 191,455.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 501,876 shares of the company’s stock worth $34,313,000 after purchasing an additional 501,614 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 13.3% in the 3rd quarter. Raymond James Financial Inc. now owns 256,240 shares of the company’s stock worth $17,481,000 after purchasing an additional 30,127 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.2% in the 4th quarter. LPL Financial LLC now owns 171,602 shares of the company’s stock worth $11,732,000 after purchasing an additional 11,457 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings 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 purchasing an additional 32,471 shares in the last quarter.

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.