First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Shares Down 0.5% – What’s Next?

Shares of First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) dropped 0.5% during mid-day trading on Friday . The company traded as low as $63.11 and last traded at $63.19. Approximately 5,732 shares changed hands during trading, a decline of 78% from the average daily volume of 25,950 shares. The stock had previously closed at $63.50.

First Trust Consumer Staples AlphaDEX Fund Trading Down 0.5 %

The stock’s 50-day moving average price is $64.21 and its 200-day moving average price is $66.09. The company has a market cap of $281.20 million, a P/E ratio of 17.29 and a beta of 0.67.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of First Trust Consumer Staples AlphaDEX Fund by 68.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,057 shares of the company’s stock worth $68,000 after acquiring an additional 429 shares in the last quarter. Park Square Financial Group LLC acquired a new position in First Trust Consumer Staples AlphaDEX Fund during the 4th quarter valued at about $115,000. LaSalle St. Investment Advisors LLC purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund in the fourth quarter worth approximately $200,000. Canal Capital Management LLC purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund in the fourth quarter worth approximately $206,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the fourth quarter valued at approximately $213,000.

First Trust Consumer Staples AlphaDEX Fund Company Profile

First Trust Consumer Staples 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 Staples 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.