First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Stock Price Down 2.6% – What’s Next?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares traded down 2.6% during trading on Monday . The stock traded as low as $68.32 and last traded at $68.88. 7,127 shares changed hands during trading, a decline of 71% from the average session volume of 24,338 shares. The stock had previously closed at $70.75.

First Trust Consumer Discretionary AlphaDEX Fund Trading Down 2.6%

The firm’s 50 day simple moving average is $70.21 and its 200-day simple moving average is $68.35. The stock has a market capitalization of $309.96 million, a price-to-earnings ratio of 13.17 and a beta of 1.20.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in First Trust Consumer Discretionary AlphaDEX Fund by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 502,242 shares of the company’s stock valued at $34,338,000 after buying an additional 6,488 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Consumer Discretionary AlphaDEX Fund by 191,455.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 501,876 shares of the company’s stock valued at $34,313,000 after buying an additional 501,614 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 13.3% during the third quarter. Raymond James Financial Inc. now owns 256,240 shares of the company’s stock worth $17,481,000 after acquiring an additional 30,127 shares during the period. LPL Financial LLC increased its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.2% during the fourth quarter. LPL Financial LLC now owns 171,602 shares of the company’s stock worth $11,732,000 after purchasing an additional 11,457 shares during the period. Finally, Royal Bank of Canada lifted its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 29.7% during the 1st 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 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.