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

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares saw unusually-strong trading volume on Wednesday . Approximately 340,347 shares changed hands during mid-day trading, an increase of 602% from the previous session’s volume of 48,499 shares.The stock last traded at $60.08 and had previously closed at $60.25.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 1.0 %

The firm has a market cap of $1.43 billion, a PE ratio of 14.46 and a beta of 1.41. The stock has a 50 day moving average price of $63.50 and a two-hundred day moving average price of $64.11.

First Trust Consumer Discretionary AlphaDEX Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1407 per share. The ex-dividend date is Thursday, March 27th.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXD. Proactive Wealth Strategies LLC lifted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 0.7% during the 4th quarter. Proactive Wealth Strategies LLC now owns 24,195 shares of the company’s stock valued at $1,564,000 after acquiring an additional 166 shares during the period. US Bancorp DE boosted its position in First Trust Consumer Discretionary AlphaDEX Fund by 51.5% in 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. Kovack Advisors Inc. boosted its position in First Trust Consumer Discretionary AlphaDEX Fund by 3.5% in the 4th quarter. Kovack Advisors Inc. now owns 5,864 shares of the company’s stock worth $379,000 after purchasing an additional 198 shares in the last quarter. Allworth Financial LP grew its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 44.8% during the 4th quarter. Allworth Financial LP now owns 821 shares of the company’s stock worth $54,000 after purchasing an additional 254 shares during the period. Finally, Tudor Financial Inc. increased its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 2.5% during the 4th quarter. Tudor Financial Inc. now owns 10,901 shares of the company’s stock valued at $705,000 after purchasing an additional 264 shares in 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.