First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Reaches New 12-Month High – Still a Buy?

Shares of First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $66.38 and last traded at $66.22, with a volume of 1659 shares trading hands. The stock had previously closed at $65.41.

First Trust Consumer Discretionary AlphaDEX Fund Trading Up 1.9 %

The stock has a market capitalization of $1.65 billion, a P/E ratio of 14.10 and a beta of 1.26. The firm’s fifty day moving average is $63.50 and its 200-day moving average is $61.29.

Hedge Funds Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FXD. International Assets Investment Management LLC increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 6,228.5% in the 3rd quarter. International Assets Investment Management LLC now owns 301,743 shares of the company’s stock valued at $19,097,000 after acquiring an additional 296,975 shares in the last quarter. NewEdge Advisors LLC increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 7.5% in the 2nd quarter. NewEdge Advisors LLC now owns 296,294 shares of the company’s stock valued at $17,751,000 after acquiring an additional 20,605 shares in the last quarter. Raymond James & Associates increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 0.3% in the 2nd quarter. Raymond James & Associates now owns 255,714 shares of the company’s stock valued at $15,320,000 after acquiring an additional 643 shares in the last quarter. Nilsine Partners LLC increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 2.4% in the 2nd quarter. Nilsine Partners LLC now owns 243,886 shares of the company’s stock valued at $14,611,000 after acquiring an additional 5,651 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in First Trust Consumer Discretionary AlphaDEX Fund by 6,499.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 190,270 shares of the company’s stock valued at $12,050,000 after acquiring an additional 187,387 shares in 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.