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

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares saw strong trading volume on Monday . 58,178 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 43,905 shares.The stock last traded at $65.47 and had previously closed at $64.69.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The company has a 50 day moving average price of $65.77 and a 200 day moving average price of $62.64. The firm has a market cap of $1.59 billion, a PE ratio of 14.10 and a beta of 1.26.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in First Trust Consumer Discretionary AlphaDEX Fund by 6,228.5% in the third quarter. International Assets Investment Management LLC now owns 301,743 shares of the company’s stock valued at $19,097,000 after purchasing an additional 296,975 shares during the period. TriaGen Wealth Management LLC lifted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 0.7% in the 3rd quarter. TriaGen Wealth Management LLC now owns 40,132 shares of the company’s stock valued at $2,540,000 after buying an additional 284 shares during the period. Secure Asset Management LLC boosted its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 36.9% in the third quarter. Secure Asset Management LLC now owns 18,816 shares of the company’s stock valued at $1,191,000 after buying an additional 5,067 shares in the last quarter. TruWealth Advisors LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth $207,000. Finally, WealthBridge Capital Management LLC acquired a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth $214,000.

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.