First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Trading Down 0.6% – Here’s Why

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s stock price fell 0.6% on Wednesday . The company traded as low as $70.19 and last traded at $70.54. Approximately 10,477 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 15,287 shares. The stock had previously closed at $70.98.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The company has a market capitalization of $271.58 million, a P/E ratio of 13.17 and a beta of 1.12. The company’s fifty day simple moving average is $69.34 and its 200-day simple moving average is $67.91.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 29.7% during the 1st quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock worth $8,213,000 after acquiring an additional 32,471 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 78.5% in the first quarter. Goldman Sachs Group Inc. now owns 88,576 shares of the company’s stock worth $5,128,000 after acquiring an additional 38,953 shares during the period. Creative Planning purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the second quarter valued at $299,000. JPMorgan Chase & Co. lifted its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 171.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,988 shares of the company’s stock valued at $3,742,000 after purchasing an additional 37,287 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the second quarter worth $3,172,000.

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. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.