First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Hits New 12-Month Low – Should You Sell?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares hit a new 52-week low on Thursday . The stock traded as low as $54.39 and last traded at $54.66, with a volume of 102889 shares. The stock had previously closed at $59.56.

First Trust Consumer Discretionary AlphaDEX Fund Trading Down 2.8 %

The firm has a market capitalization of $692.17 million, a price-to-earnings ratio of 14.58 and a beta of 1.28. The firm has a 50 day moving average price of $62.37 and a two-hundred day moving average price of $63.95.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXD. US Bancorp DE lifted its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 51.5% during the 4th quarter. US Bancorp DE now owns 503 shares of the company’s stock worth $33,000 after buying an additional 171 shares during the last quarter. National Bank of Canada FI bought a new position in First Trust Consumer Discretionary AlphaDEX Fund during the fourth quarter worth $36,000. Wilmington Savings Fund Society FSB acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter worth $45,000. Allworth Financial LP increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 44.8% during the fourth quarter. Allworth Financial LP now owns 821 shares of the company’s stock valued at $54,000 after purchasing an additional 254 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 48.8% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $54,000 after purchasing an additional 276 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.