First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Trading Up 1% – Here’s What Happened

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s stock price shot up 1% during mid-day trading on Monday . The company traded as high as $64.57 and last traded at $64.10. 9,735 shares were traded during mid-day trading, a decline of 59% from the average session volume of 23,823 shares. The stock had previously closed at $63.47.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The company has a 50 day simple moving average of $69.54 and a 200-day simple moving average of $68.33. The stock has a market capitalization of $288.45 million, a P/E ratio of 13.17 and a beta of 1.20.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXD. Royal Bank of Canada boosted its position in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% during the first quarter. Royal Bank of Canada now owns 141,860 shares of the company’s stock worth $8,213,000 after purchasing an additional 32,471 shares during the period. 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 valued at $5,128,000 after purchasing an additional 38,953 shares during the period. Creative Planning purchased a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter valued at approximately $299,000. JPMorgan Chase & Co. lifted its stake 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 valued at $3,742,000 after buying an additional 37,287 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 2nd quarter worth approximately $245,000.

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.