First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Hits New 52-Week High – Should You Buy?

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $65.93 and last traded at $65.87, with a volume of 4326 shares traded. The stock had previously closed at $65.16.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The company has a market capitalization of $1.62 billion, a PE ratio of 14.10 and a beta of 1.26. The stock has a 50-day simple moving average of $62.71 and a 200 day simple moving average of $60.99.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FXD. Coppell Advisory Solutions Corp. purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the first quarter worth approximately $2,620,000. Comerica Bank increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 11.5% during the first quarter. Comerica Bank now owns 6,552 shares of the company’s stock worth $423,000 after acquiring an additional 675 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Consumer Discretionary AlphaDEX Fund by 65.8% in the 1st quarter. Cetera Investment Advisers now owns 29,429 shares of the company’s stock worth $1,899,000 after purchasing an additional 11,674 shares during the period. Cetera Advisors LLC lifted its stake in shares of First Trust Consumer Discretionary AlphaDEX Fund by 25.0% in the 1st quarter. Cetera Advisors LLC now owns 12,724 shares of the company’s stock valued at $821,000 after purchasing an additional 2,548 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter worth about $84,000.

First Trust Consumer Discretionary AlphaDEX Fund Company Profile

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.