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

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s stock price hit a new 52-week high during 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 firm has a market cap of $1.65 billion, a PE ratio of 14.10 and a beta of 1.26. The company’s 50-day moving average is $63.50 and its 200 day moving average is $61.29.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FXD. TriaGen Wealth Management LLC increased its stake in 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. Benjamin Edwards Inc. increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 12.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,883 shares of the company’s stock valued at $173,000 after buying an additional 322 shares during the period. Stephens Inc. AR increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 2.4% in the 3rd quarter. Stephens Inc. AR now owns 13,995 shares of the company’s stock valued at $886,000 after buying an additional 328 shares during the period. International Assets Investment Management LLC increased its stake in First Trust Consumer Discretionary AlphaDEX Fund by 9.8% in the 2nd quarter. International Assets Investment Management LLC now owns 4,768 shares of the company’s stock valued at $286,000 after buying an additional 426 shares during the period. Finally, Raymond James & Associates increased its stake 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 buying an additional 643 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.