First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Up 0.5% – Should You Buy?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s share price was up 0.5% on Wednesday . The company traded as high as $62.85 and last traded at $62.60. Approximately 17,630 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 54,029 shares. The stock had previously closed at $62.29.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The firm’s 50-day moving average is $61.10 and its two-hundred day moving average is $60.61. The stock has a market cap of $1.56 billion, a P/E ratio of 14.10 and a beta of 1.26.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Large investors have recently made changes to their positions in the company. CX Institutional acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the second quarter worth $84,000. Centaurus Financial Inc. acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter worth $154,000. Benjamin Edwards Inc. boosted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 63.2% during the first quarter. Benjamin Edwards Inc. now owns 2,561 shares of the company’s stock worth $165,000 after purchasing an additional 992 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at $202,000. Finally, Creative Planning bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter valued at $204,000.

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.