First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Crosses Above 50-Day Moving Average – What’s Next?

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) shares passed above its 50 day moving average during trading on Friday. The stock has a 50 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 traded.

First Trust Consumer Staples AlphaDEX Fund Trading Up 1.4%

The company has a market cap of $210.22 million, a PE ratio of 15.10 and a beta of 0.50. The firm has a 50 day moving average of $61.73 and a two-hundred day moving average of $63.60.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FXG. Fifth Third Bancorp bought a new position in First Trust Consumer Staples AlphaDEX Fund in the 1st quarter worth about $191,000. Ameritas Advisory Services LLC bought a new stake in First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter valued at about $307,000. Private Advisor Group LLC increased its stake in First Trust Consumer Staples AlphaDEX Fund by 5.7% during the 1st quarter. Private Advisor Group LLC now owns 8,614 shares of the company’s stock valued at $549,000 after purchasing an additional 463 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in First Trust Consumer Staples AlphaDEX Fund by 4.2% in the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock worth $765,000 after buying an additional 488 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust Consumer Staples AlphaDEX Fund by 17.5% in the first quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after buying 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.