First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 1.2% – What’s Next?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares were down 1.2% during trading on Wednesday . The stock traded as low as $67.29 and last traded at $67.29. Approximately 10,718 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 16,538 shares. The stock had previously closed at $68.11.

First Trust Consumer Discretionary AlphaDEX Fund Trading Down 1.2%

The stock has a market capitalization of $265.80 million, a P/E ratio of 13.17 and a beta of 1.13. The company has a 50-day moving average price of $66.53 and a 200 day moving average price of $67.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FXD. Royal Bank of Canada increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% during the 1st quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock valued at $8,213,000 after buying an additional 32,471 shares in the last quarter. Goldman Sachs Group Inc. increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 78.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 88,576 shares of the company’s stock valued at $5,128,000 after buying an additional 38,953 shares in the last quarter. Creative Planning acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter valued at about $299,000. JPMorgan Chase & Co. increased its position 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 buying an additional 37,287 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter valued at about $3,172,000.

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.