First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Sees Large Volume Increase – Time to Buy?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) shares saw an uptick in trading volume on Tuesday . 179,317 shares traded hands during trading, an increase of 45% from the previous session’s volume of 123,707 shares.The stock last traded at $58.04 and had previously closed at $57.89.

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 2.1 %

The firm has a market cap of $777.26 million, a price-to-earnings ratio of 14.58 and a beta of 1.28. The business has a 50 day moving average of $62.88 and a 200 day moving average of $64.08.

Institutional Trading of First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. HFG Advisors Inc. grew its holdings in First Trust Consumer Discretionary AlphaDEX Fund by 4.1% in the 4th quarter. HFG Advisors Inc. now owns 15,156 shares of the company’s stock valued at $980,000 after buying an additional 593 shares during the period. Gateway Wealth Partners LLC purchased a new stake in First Trust Consumer Discretionary AlphaDEX Fund in the fourth quarter valued at approximately $203,000. Nilsine Partners LLC increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 8.3% during the fourth quarter. Nilsine Partners LLC now owns 268,575 shares of the company’s stock worth $17,358,000 after purchasing an additional 20,672 shares during the last quarter. Secure Asset Management LLC raised its stake in First Trust Consumer Discretionary AlphaDEX Fund by 4.2% during the fourth quarter. Secure Asset Management LLC now owns 19,602 shares of the company’s stock worth $1,267,000 after purchasing an additional 786 shares during the period. Finally, Apeiron RIA LLC boosted its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 5.0% in the 4th quarter. Apeiron RIA LLC now owns 15,411 shares of the company’s stock valued at $996,000 after purchasing an additional 739 shares during the last quarter.

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.