First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Down 2.3% – Time to Sell?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) dropped 2.3% during trading on Tuesday . The company traded as low as $69.66 and last traded at $69.79. Approximately 11,306 shares were traded during trading, a decline of 59% from the average daily volume of 27,817 shares. The stock had previously closed at $71.44.

First Trust Consumer Discretionary AlphaDEX Fund Trading Down 2.3%

The company has a market cap of $321.03 million, a price-to-earnings ratio of 13.17 and a beta of 1.20. The company has a fifty day moving average price of $68.54 and a two-hundred day moving average price of $67.51.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IronBridge Private Wealth LLC acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth about $4,796,000. BNP Paribas Financial Markets bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter worth approximately $3,172,000. Goldman Sachs Group Inc. boosted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 78.5% during the 1st 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 171.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,988 shares of the company’s stock worth $3,742,000 after acquiring an additional 37,287 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% in the first quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock valued at $8,213,000 after acquiring an additional 32,471 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. 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.