First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares saw strong trading volume on Monday . 58,178 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 43,905 shares.The stock last traded at $65.47 and had previously closed at $64.69.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 0.9 %

The business has a fifty day moving average price of $65.70 and a 200 day moving average price of $62.58. The company has a market capitalization of $1.61 billion, a P/E ratio of 14.10 and a beta of 1.26.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXD. International Assets Investment Management LLC lifted its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 6,228.5% during the 3rd quarter. International Assets Investment Management LLC now owns 301,743 shares of the company’s stock valued at $19,097,000 after purchasing an additional 296,975 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.5% during the 2nd quarter. NewEdge Advisors LLC now owns 296,294 shares of the company’s stock worth $17,751,000 after buying an additional 20,605 shares during the period. Benjamin Edwards Inc. grew its stake in First Trust Consumer Discretionary AlphaDEX Fund by 6,499.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 190,270 shares of the company’s stock valued at $12,050,000 after buying an additional 187,387 shares during the last quarter. Truist Financial Corp raised its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 2.0% in the 2nd quarter. Truist Financial Corp now owns 158,604 shares of the company’s stock valued at $9,502,000 after acquiring an additional 3,051 shares during the period. Finally, WCG Wealth Advisors LLC lifted its position in First Trust Consumer Discretionary AlphaDEX Fund by 1.0% during the second quarter. WCG Wealth Advisors LLC now owns 120,258 shares of the company’s stock worth $7,205,000 after acquiring an additional 1,164 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.