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

First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $64.87 and last traded at $64.87, with a volume of 1300 shares trading hands. The stock had previously closed at $64.40.

First Trust Consumer Discretionary AlphaDEX Fund Price Performance

The firm has a fifty day simple moving average of $62.40 and a 200-day simple moving average of $60.82. The firm has a market cap of $1.61 billion, a P/E ratio of 14.10 and a beta of 1.26.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. CX Institutional bought a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund in the second quarter worth $84,000. Benjamin Edwards Inc. raised its position in shares of First Trust Consumer Discretionary AlphaDEX Fund by 12.6% during 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 in the last quarter. Creative Planning purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter worth $204,000. TruWealth Advisors LLC bought a new position in First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at $207,000. Finally, WealthBridge Capital Management LLC purchased a new position in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 3rd quarter valued at about $214,000.

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.