First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Shares Down 0.2% – Here’s Why

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) fell 0.2% during trading on Wednesday . The company traded as low as $69.00 and last traded at $69.01. Approximately 27,547 shares were traded during trading, an increase of 78% from the average session volume of 15,470 shares. The stock had previously closed at $69.17.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The company’s fifty day moving average price is $67.30 and its two-hundred day moving average price is $68.00. The firm has a market capitalization of $265.69 million, a PE ratio of 13.17 and a beta of 1.12.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 78.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 88,576 shares of the company’s stock valued at $5,128,000 after buying an additional 38,953 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 61,205 shares of the company’s stock worth $4,185,000 after buying an additional 2,867 shares during the period. Jane Street Group LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter valued at $1,983,000. Mariner LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter valued at $276,000. Finally, Two Sigma Investments LP purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter valued at about $225,000.

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.