First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Volume Increase – Should You Buy?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw unusually-strong trading volume on Thursday . Approximately 153,005 shares were traded during trading, an increase of 184% from the previous session’s volume of 53,803 shares.The stock last traded at $56.54 and had previously closed at $57.91.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 1.8 %

The company has a market cap of $1.39 billion, a PE ratio of 14.46 and a beta of 1.41. The firm’s 50-day moving average is $64.65 and its 200-day moving average is $64.26.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Armis Advisers LLC bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth about $231,000. WCG Wealth Advisors LLC grew its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 0.3% in the 4th quarter. WCG Wealth Advisors LLC now owns 117,404 shares of the company’s stock worth $7,588,000 after buying an additional 307 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 5.4% in the 4th quarter. Cetera Investment Advisers now owns 30,132 shares of the company’s stock worth $1,947,000 after buying an additional 1,539 shares during the last quarter. Captrust Financial Advisors increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 13.8% during the 4th quarter. Captrust Financial Advisors now owns 10,400 shares of the company’s stock valued at $672,000 after buying an additional 1,265 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in First Trust Consumer Discretionary AlphaDEX Fund by 1.4% during the fourth quarter. Baird Financial Group Inc. now owns 95,986 shares of the company’s stock valued at $6,204,000 after buying an additional 1,326 shares during 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.