First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 0.2% – Here’s Why

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s share price fell 0.2% on Wednesday . The stock traded as low as $69.00 and last traded at $69.01. 27,547 shares traded hands during trading, an increase of 78% from the average daily volume of 15,470 shares. The stock had previously closed at $69.17.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The company has a market cap of $268.19 million, a price-to-earnings ratio of 13.17 and a beta of 1.12. The company’s fifty day moving average price is $67.27 and its two-hundred day moving average price is $68.00.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the first quarter worth $48,000. Royal Bank of Canada increased its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.6% in the first quarter. Royal Bank of Canada now owns 35,331 shares of the company’s stock valued at $2,262,000 after buying an additional 2,498 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the first quarter valued at $145,000. Kestra Advisory Services LLC raised its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 6.4% in the first quarter. Kestra Advisory Services LLC now owns 19,034 shares of the company’s stock valued at $1,219,000 after buying an additional 1,150 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 9.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,700 shares of the company’s stock valued at $253,000 after buying an additional 304 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. 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.