First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Trading 0.9% Higher – Should You Buy?

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG)’s share price shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $68.44 and last traded at $68.43. 9,692 shares were traded during mid-day trading, a decline of 62% from the average session volume of 25,226 shares. The stock had previously closed at $67.84.

First Trust Consumer Staples AlphaDEX Fund Stock Performance

The stock’s 50-day moving average is $67.52 and its 200 day moving average is $66.69. The stock has a market capitalization of $434.53 million, a PE ratio of 16.86 and a beta of 0.46.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the business. Bensler LLC grew its position in First Trust Consumer Staples AlphaDEX Fund by 17.6% during the 2nd quarter. Bensler LLC now owns 3,435 shares of the company’s stock worth $221,000 after purchasing an additional 513 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 23.3% during the third quarter. Concourse Financial Group Securities Inc. now owns 2,873 shares of the company’s stock worth $196,000 after buying an additional 543 shares during the period. Private Advisor Group LLC grew its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 9.4% during the second quarter. Private Advisor Group LLC now owns 7,977 shares of the company’s stock worth $514,000 after buying an additional 683 shares during the last quarter. CWM LLC increased its position in First Trust Consumer Staples AlphaDEX Fund by 58.3% in the 2nd quarter. CWM LLC now owns 2,159 shares of the company’s stock valued at $139,000 after acquiring an additional 795 shares during the period. Finally, RPg Family Wealth Advisory LLC raised its stake in First Trust Consumer Staples AlphaDEX Fund by 23.2% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 6,825 shares of the company’s stock valued at $440,000 after acquiring an additional 1,286 shares during the last quarter.

First Trust Consumer Staples AlphaDEX Fund Company Profile

First Trust Consumer Staples 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 Staples 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.