First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw strong trading volume on Thursday . 153,005 shares were traded during mid-day trading, an increase of 184% from the previous session’s volume of 53,803 shares.The stock last traded at $56.54 and had previously closed at $57.91.

First Trust Consumer Discretionary AlphaDEX Fund Stock Performance

The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 14.46 and a beta of 1.41. The company has a 50-day simple moving average of $64.65 and a two-hundred day simple moving average of $64.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FXD. Raymond James Financial Inc. bought a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 4th quarter worth approximately $40,568,000. First Trust Advisors LP lifted its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 4.0% during the 4th quarter. First Trust Advisors LP now owns 12,506,030 shares of the company’s stock worth $808,265,000 after purchasing an additional 476,185 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in First Trust Consumer Discretionary AlphaDEX Fund by 6,499.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 190,270 shares of the company’s stock valued at $12,050,000 after purchasing an additional 187,387 shares during the period. Independent Advisor Alliance acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at $6,445,000. Finally, LPL Financial LLC increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 20.2% during the 4th quarter. LPL Financial LLC now owns 345,779 shares of the company’s stock worth $22,348,000 after buying an additional 58,013 shares during the period.

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.