First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Volume Increase – Still a Buy?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares saw strong trading volume on Monday . 58,178 shares changed hands during 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 Trading Down 0.0 %

The firm has a market cap of $1.59 billion, a PE ratio of 14.10 and a beta of 1.26. The business has a fifty day moving average price of $65.77 and a 200 day moving average price of $62.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at approximately $45,000. Benjamin Edwards Inc. grew its position in First Trust Consumer Discretionary AlphaDEX Fund by 12.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,883 shares of the company’s stock worth $173,000 after purchasing an additional 322 shares during the last quarter. Creative Planning acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at $204,000. TruWealth Advisors LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at $207,000. Finally, WealthBridge Capital Management LLC purchased a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at about $214,000.

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.