First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw strong trading volume on Wednesday . 121,527 shares traded hands during mid-day trading, an increase of 155% from the previous session’s volume of 47,630 shares.The stock last traded at $58.05 and had previously closed at $58.49.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.46 and a beta of 1.41. The business has a 50-day simple moving average of $64.23 and a two-hundred day simple moving average of $64.22.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 51.5% during the 4th quarter. US Bancorp DE now owns 503 shares of the company’s stock worth $33,000 after purchasing an additional 171 shares in the last quarter. National Bank of Canada FI acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth $36,000. Wilmington Savings Fund Society FSB bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth $45,000. Allworth Financial LP lifted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 44.8% in the fourth quarter. Allworth Financial LP now owns 821 shares of the company’s stock valued at $54,000 after acquiring an additional 254 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 48.8% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $54,000 after acquiring an additional 276 shares during the period.

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.