First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Down 2.1% – Should You Sell?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s stock price dropped 2.1% during trading on Tuesday . The company traded as low as $57.57 and last traded at $58.05. Approximately 128,342 shares were traded during mid-day trading, an increase of 152% from the average daily volume of 51,016 shares. The stock had previously closed at $59.29.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The firm’s 50 day moving average price is $65.07 and its two-hundred day moving average price is $64.39. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 14.67 and a beta of 1.39.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Large investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 4.0% during the fourth quarter. First Trust Advisors LP now owns 12,506,030 shares of the company’s stock worth $808,265,000 after acquiring an additional 476,185 shares during the period. Raymond James Financial Inc. purchased a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 4th quarter worth approximately $40,568,000. LPL Financial LLC raised its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 20.2% during the 4th quarter. LPL Financial LLC now owns 345,779 shares of the company’s stock worth $22,348,000 after buying an additional 58,013 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.6% in the 4th quarter. NewEdge Advisors LLC now owns 325,548 shares of the company’s stock valued at $21,040,000 after buying an additional 23,047 shares during the period. Finally, NewSquare Capital LLC boosted its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 0.5% in the fourth quarter. NewSquare Capital LLC now owns 324,000 shares of the company’s stock valued at $20,940,000 after buying an additional 1,498 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.