First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 2.6% – Here’s What Happened

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares dropped 2.6% during mid-day trading on Monday . The stock traded as low as $68.32 and last traded at $68.88. Approximately 7,127 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 24,338 shares. The stock had previously closed at $70.75.

First Trust Consumer Discretionary AlphaDEX Fund Trading Down 2.6%

The stock has a market capitalization of $309.96 million, a P/E ratio of 13.17 and a beta of 1.20. The stock’s fifty day moving average price is $70.21 and its two-hundred day moving average price is $68.35.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the 4th quarter worth approximately $121,000. Natural Investments LLC purchased a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the third quarter worth $140,000. Advisory Services Network LLC bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the 3rd quarter valued at $182,000. Founders Financial Alliance LLC raised its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 37.1% during the 3rd quarter. Founders Financial Alliance LLC now owns 3,140 shares of the company’s stock valued at $214,000 after buying an additional 849 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the 3rd quarter valued at $225,000.

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. 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.