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% during trading on Wednesday . The company traded as low as $70.19 and last traded at $70.54. Approximately 10,477 shares were traded 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 Trading Down 0.6%

The business has a fifty day moving average price of $69.34 and a two-hundred day moving average price of $67.91. The firm has a market capitalization of $271.58 million, a PE ratio of 13.17 and a beta of 1.12.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 29.7% in the 1st 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 period. 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 purchasing an additional 38,953 shares during the period. Creative Planning acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the 2nd quarter valued at approximately $299,000. JPMorgan Chase & Co. increased 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 during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the 2nd quarter valued at approximately $3,172,000.

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.