First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 0.6% – Here’s Why

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s share price dropped 0.6% during trading on Wednesday . The company traded as low as $70.19 and last traded at $70.54. Approximately 10,477 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 15,287 shares. The stock had previously closed at $70.98.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The firm has a market capitalization of $272.76 million, a P/E ratio of 13.17 and a beta of 1.12. The company has a fifty day moving average of $69.42 and a 200 day moving average of $67.92.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXD. Royal Bank of Canada raised its stake in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% during the first quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock worth $8,213,000 after buying an additional 32,471 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in First Trust Consumer Discretionary AlphaDEX Fund by 78.5% during the first quarter. Goldman Sachs Group Inc. now owns 88,576 shares of the company’s stock valued at $5,128,000 after acquiring an additional 38,953 shares during the last quarter. Creative Planning acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter worth about $299,000. JPMorgan Chase & Co. grew its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 171.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,988 shares of the company’s stock worth $3,742,000 after acquiring an additional 37,287 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter worth about $3,172,000.

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.