First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Volume Increase

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw unusually-high trading volume on Tuesday . Approximately 208,846 shares changed hands during mid-day trading, an increase of 266% from the previous session’s volume of 57,021 shares.The stock last traded at $58.20 and had previously closed at $56.55.

First Trust Consumer Discretionary AlphaDEX Fund Trading Up 1.6 %

The company’s 50 day moving average is $59.96 and its 200 day moving average is $60.32. The company has a market cap of $1.42 billion, a PE ratio of 14.10 and a beta of 1.26.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter valued at about $33,000. Turtle Creek Wealth Advisors LLC purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the 4th quarter valued at about $37,000. CX Institutional bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 2nd quarter valued at about $84,000. Centaurus Financial Inc. bought a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at about $154,000. Finally, Benjamin Edwards Inc. lifted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 63.2% in the 1st quarter. Benjamin Edwards Inc. now owns 2,561 shares of the company’s stock worth $165,000 after purchasing an additional 992 shares during the period.

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.