First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Hits New 1-Year High – Here’s Why

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXDGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $65.93 and last traded at $65.87, with a volume of 4326 shares traded. The stock had previously closed at $65.16.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 0.1 %

The company has a market cap of $1.62 billion, a P/E ratio of 14.10 and a beta of 1.26. The firm has a fifty day moving average price of $62.90 and a 200 day moving average price of $61.06.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. CX Institutional bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the second quarter worth about $84,000. Benjamin Edwards Inc. increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 12.6% during the second quarter. Benjamin Edwards Inc. now owns 2,883 shares of the company’s stock worth $173,000 after acquiring an additional 322 shares during the period. Creative Planning bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth about $204,000. TruWealth Advisors LLC bought a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter valued at about $207,000. Finally, WealthBridge Capital Management LLC bought a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter valued at about $214,000.

About First Trust Consumer Discretionary AlphaDEX Fund

(Get Free Report)

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.

Further Reading

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