First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Strong Trading Volume

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXDGet Free Report) saw strong trading volume on Wednesday . 42,283 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 62,023 shares.The stock last traded at $61.76 and had previously closed at $61.77.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The firm’s 50 day moving average is $61.24 and its 200 day moving average is $58.20. The company has a market capitalization of $1.53 billion, a PE ratio of 14.10 and a beta of 1.26.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FXD. Principal Securities Inc. purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter worth $33,000. Turtle Creek Wealth Advisors LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at about $37,000. Citigroup Inc. grew its position in First Trust Consumer Discretionary AlphaDEX Fund by 289.0% in the third quarter. Citigroup Inc. now owns 778 shares of the company’s stock worth $40,000 after acquiring an additional 578 shares during the period. NBC Securities Inc. acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the third quarter valued at about $41,000. Finally, Centaurus Financial Inc. acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth $154,000.

About First Trust Consumer Discretionary AlphaDEX Fund

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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.

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