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 unusually-strong trading volume on Wednesday . Approximately 121,527 shares were traded during mid-day trading, an increase of 155% from the previous session’s volume of 47,630 shares.The stock last traded at $58.05 and had previously closed at $58.49.

First Trust Consumer Discretionary AlphaDEX Fund Stock Down 0.4 %

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.46 and a beta of 1.41. The company’s 50-day moving average is $64.00 and its 200-day moving average is $64.14.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FXD. Armis Advisers LLC bought a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth about $231,000. WCG Wealth Advisors LLC grew its position in First Trust Consumer Discretionary AlphaDEX Fund by 0.3% during the 4th quarter. WCG Wealth Advisors LLC now owns 117,404 shares of the company’s stock worth $7,588,000 after acquiring an additional 307 shares during the last quarter. Cetera Investment Advisers increased its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 5.4% during the 4th quarter. Cetera Investment Advisers now owns 30,132 shares of the company’s stock valued at $1,947,000 after purchasing an additional 1,539 shares in the last quarter. Captrust Financial Advisors raised its position in First Trust Consumer Discretionary AlphaDEX Fund by 13.8% in the 4th quarter. Captrust Financial Advisors now owns 10,400 shares of the company’s stock valued at $672,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in First Trust Consumer Discretionary AlphaDEX Fund by 1.4% in the 4th quarter. Baird Financial Group Inc. now owns 95,986 shares of the company’s stock valued at $6,204,000 after purchasing an additional 1,326 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.