First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Down 2.1% – Should You Sell?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) fell 2.1% on Tuesday . The stock traded as low as $57.57 and last traded at $58.05. 128,342 shares traded hands during mid-day trading, an increase of 152% from the average session volume of 51,016 shares. The stock had previously closed at $59.29.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 14.67 and a beta of 1.39. The firm’s fifty day moving average is $64.81 and its two-hundred day moving average is $64.32.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FXD. Raymond James Financial Inc. purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter valued at about $40,568,000. First Trust Advisors LP lifted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 4.0% during the fourth quarter. First Trust Advisors LP now owns 12,506,030 shares of the company’s stock valued at $808,265,000 after buying an additional 476,185 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 6,499.7% during the third quarter. Benjamin Edwards Inc. now owns 190,270 shares of the company’s stock valued at $12,050,000 after buying an additional 187,387 shares in the last quarter. Independent Advisor Alliance purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter valued at about $6,445,000. Finally, LPL Financial LLC lifted its stake in 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 valued at $22,348,000 after buying an additional 58,013 shares in 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.