First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Up 0.3% – Still a Buy?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) rose 0.3% during trading on Thursday . The company traded as high as $66.29 and last traded at $66.21. Approximately 13,005 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 51,918 shares. The stock had previously closed at $66.04.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 0.3 %

The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 14.10 and a beta of 1.26. The company’s fifty day moving average is $65.46 and its 200 day moving average is $62.33.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of large investors have recently modified their holdings of FXD. International Assets Investment Management LLC increased its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 6,228.5% in the third quarter. International Assets Investment Management LLC now owns 301,743 shares of the company’s stock valued at $19,097,000 after acquiring an additional 296,975 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.5% during the 2nd quarter. NewEdge Advisors LLC now owns 296,294 shares of the company’s stock worth $17,751,000 after purchasing an additional 20,605 shares during the last quarter. Nilsine Partners LLC increased its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 2.4% during the 2nd quarter. Nilsine Partners LLC now owns 243,886 shares of the company’s stock worth $14,611,000 after purchasing an additional 5,651 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 6,499.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 190,270 shares of the company’s stock worth $12,050,000 after purchasing an additional 187,387 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 2.0% in the 2nd quarter. Truist Financial Corp now owns 158,604 shares of the company’s stock valued at $9,502,000 after buying an additional 3,051 shares during 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.