First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw unusually-high trading volume on Monday . Approximately 58,178 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 43,905 shares.The stock last traded at $65.47 and had previously closed at $64.69.

First Trust Consumer Discretionary AlphaDEX Fund Trading Up 0.9 %

The firm’s fifty day moving average price is $65.70 and its 200-day moving average price is $62.58. The company has a market cap of $1.61 billion, a P/E ratio of 14.10 and a beta of 1.26.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FXD. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 3rd quarter valued at $45,000. Benjamin Edwards Inc. grew its position in First Trust Consumer Discretionary AlphaDEX Fund by 12.6% during the 2nd 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 last quarter. Creative Planning acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter worth $204,000. TruWealth Advisors LLC acquired a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the third quarter valued at $207,000. Finally, WealthBridge Capital Management LLC bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth about $214,000.

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.