First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Trading Up 2.9% – What’s Next?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) were up 2.9% during mid-day trading on Wednesday . The company traded as high as $64.67 and last traded at $64.67. Approximately 11,822 shares changed hands during trading, a decline of 32% from the average daily volume of 17,454 shares. The stock had previously closed at $62.83.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 2.9%

The firm has a market cap of $255.45 million, a PE ratio of 13.17 and a beta of 1.14. The firm has a 50-day moving average price of $65.57 and a two-hundred day moving average price of $67.60.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter valued at approximately $383,000. TradeWell Securities LLC. lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 6.8% in the fourth quarter. TradeWell Securities LLC. now owns 26,564 shares of the company’s stock valued at $1,816,000 after acquiring an additional 1,684 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 191,455.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 501,876 shares of the company’s stock valued at $34,313,000 after acquiring an additional 501,614 shares in the last quarter. Truist Financial Corp lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 10.0% in the fourth quarter. Truist Financial Corp now owns 48,193 shares of the company’s stock valued at $3,295,000 after acquiring an additional 4,391 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 1.7% in the fourth quarter. Benjamin Edwards Inc. now owns 26,908 shares of the company’s stock valued at $1,840,000 after acquiring an additional 447 shares in 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.