First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Strong Trading Volume – Here’s Why

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) saw unusually-strong trading volume on Wednesday . Approximately 121,527 shares were traded during trading, an increase of 155% from the previous session’s volume of 47,630 shares.The stock last traded at $58.05 and had previously closed at $58.49.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 1.2 %

The company has a market capitalization of $1.41 billion, a PE ratio of 14.46 and a beta of 1.41. The stock’s fifty day moving average price is $64.23 and its two-hundred day moving average price is $64.22.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXD. First Trust Advisors LP raised its stake in First Trust Consumer Discretionary AlphaDEX Fund by 4.0% in the fourth quarter. First Trust Advisors LP now owns 12,506,030 shares of the company’s stock worth $808,265,000 after buying an additional 476,185 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the 4th quarter valued at approximately $40,568,000. LPL Financial LLC lifted its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 20.2% in the 4th quarter. LPL Financial LLC now owns 345,779 shares of the company’s stock valued at $22,348,000 after purchasing an additional 58,013 shares during the period. NewEdge Advisors LLC boosted its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 7.6% during the fourth quarter. NewEdge Advisors LLC now owns 325,548 shares of the company’s stock valued at $21,040,000 after purchasing an additional 23,047 shares in the last quarter. Finally, NewSquare Capital LLC grew its stake in First Trust Consumer Discretionary AlphaDEX Fund by 0.5% in the fourth quarter. NewSquare Capital LLC now owns 324,000 shares of the company’s stock worth $20,940,000 after purchasing an additional 1,498 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.