First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Trading Down 0.1% – Here’s Why

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) shares dropped 0.1% during trading on Thursday . The stock traded as low as $61.71 and last traded at $61.71. 7,807 shares changed hands during trading, a decline of 61% from the average daily volume of 19,826 shares. The stock had previously closed at $61.80.

First Trust Consumer Staples AlphaDEX Fund Stock Performance

The business has a 50-day simple moving average of $64.58 and a two-hundred day simple moving average of $63.70. The company has a market capitalization of $188.83 million, a price-to-earnings ratio of 15.10 and a beta of 0.49.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

Several hedge funds have recently modified their holdings of FXG. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Consumer Staples AlphaDEX Fund by 12,768.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 246,681 shares of the company’s stock valued at $14,969,000 after buying an additional 244,764 shares during the period. Milestones Private Investment Advisors LLC boosted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 2.6% in the first quarter. Milestones Private Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $3,702,000 after acquiring an additional 1,456 shares in the last quarter. UBS Group AG increased its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 50.1% during the fourth quarter. UBS Group AG now owns 54,982 shares of the company’s stock worth $3,336,000 after acquiring an additional 18,351 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 17.5% during the first quarter. Cetera Investment Advisers now owns 28,824 shares of the company’s stock worth $1,837,000 after acquiring an additional 4,297 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in First Trust Consumer Staples AlphaDEX Fund by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 12,009 shares of the company’s stock worth $765,000 after purchasing an additional 488 shares in 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.