First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Price Down 0.8% – Time to Sell?

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG)’s share price dropped 0.8% on Wednesday . The company traded as low as $65.98 and last traded at $66.01. Approximately 11,111 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 24,201 shares. The stock had previously closed at $66.53.

First Trust Consumer Staples AlphaDEX Fund Trading Up 0.4 %

The stock has a fifty day simple moving average of $67.64 and a 200-day simple moving average of $66.52. The company has a market capitalization of $419.61 million, a PE ratio of 16.86 and a beta of 0.46.

Institutional Trading of First Trust Consumer Staples AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Enhancement Group LLC acquired a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter valued at $3,810,000. Cetera Investment Advisers boosted its stake in First Trust Consumer Staples AlphaDEX Fund by 182.2% in the first quarter. Cetera Investment Advisers now owns 74,671 shares of the company’s stock valued at $5,114,000 after acquiring an additional 48,206 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the first quarter worth about $2,299,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the second quarter worth about $1,858,000. Finally, Maxwell Wealth Strategies Inc. lifted its holdings in shares of First Trust Consumer Staples AlphaDEX Fund by 53.7% in the 1st quarter. Maxwell Wealth Strategies Inc. now owns 64,108 shares of the company’s stock valued at $4,183,000 after purchasing an additional 22,396 shares during the last quarter.

About First Trust Consumer Staples AlphaDEX Fund

First Trust Consumer Staples 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 Staples 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.