First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Reaches New 52-Week Low – Here’s What Happened

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) reached a new 52-week low during trading on Thursday . The stock traded as low as $54.39 and last traded at $54.66, with a volume of 102889 shares changing hands. The stock had previously closed at $59.56.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The company has a fifty day moving average price of $62.88 and a 200 day moving average price of $64.08. The stock has a market cap of $711.75 million, a P/E ratio of 14.58 and a beta of 1.28.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FXD. Proactive Wealth Strategies LLC increased its holdings 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 worth $1,564,000 after purchasing an additional 166 shares in the last quarter. US Bancorp DE grew its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 51.5% during the fourth quarter. US Bancorp DE now owns 503 shares of the company’s stock worth $33,000 after buying an additional 171 shares in the last quarter. Kovack Advisors Inc. raised 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 valued at $379,000 after buying an additional 198 shares during the last quarter. Allworth Financial LP lifted its stake in 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 valued at $54,000 after acquiring an additional 254 shares in the last quarter. Finally, Tudor Financial Inc. boosted its holdings in 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 worth $705,000 after acquiring an additional 264 shares during the last quarter.

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.