First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw unusually-strong trading volume on Wednesday . Approximately 340,347 shares traded hands during mid-day trading, an increase of 602% from the previous session’s volume of 48,499 shares.The stock last traded at $60.08 and had previously closed at $60.25.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 0.3 %

The business’s fifty day moving average is $63.73 and its two-hundred day moving average is $64.17. The stock has a market capitalization of $1.45 billion, a PE ratio of 14.46 and a beta of 1.41.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter worth about $40,568,000. First Trust Advisors LP lifted its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 4.0% during the 4th quarter. First Trust Advisors LP now owns 12,506,030 shares of the company’s stock worth $808,265,000 after acquiring an additional 476,185 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in 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 valued at $12,050,000 after acquiring an additional 187,387 shares during the period. Independent Advisor Alliance purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter worth $6,445,000. Finally, LPL Financial LLC lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 20.2% during the fourth quarter. LPL Financial LLC now owns 345,779 shares of the company’s stock worth $22,348,000 after purchasing an additional 58,013 shares during 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.