First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Trading Down 0.8% – Here’s Why

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) shares were down 0.8% on Wednesday . The stock 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 company’s 50 day moving average price is $67.64 and its two-hundred day moving average price is $66.52. The firm has a market cap of $419.61 million, a PE ratio of 16.86 and a beta of 0.46.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FXG. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Consumer Staples AlphaDEX Fund by 435.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,084 shares of the company’s stock worth $134,000 after acquiring an additional 1,695 shares during the period. CWM LLC raised its position in shares of First Trust Consumer Staples AlphaDEX Fund by 58.3% during the 2nd quarter. CWM LLC now owns 2,159 shares of the company’s stock valued at $139,000 after purchasing an additional 795 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund during the 3rd quarter valued at $157,000. Concourse Financial Group Securities Inc. boosted its holdings in First Trust Consumer Staples AlphaDEX Fund by 23.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 2,873 shares of the company’s stock worth $196,000 after buying an additional 543 shares during the period. Finally, Bensler LLC increased its stake in First Trust Consumer Staples AlphaDEX Fund by 17.6% in the 2nd quarter. Bensler LLC now owns 3,435 shares of the company’s stock worth $221,000 after buying an additional 513 shares in 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.