First Trust Consumer Discretionary AlphaDEX Fund (NYSEARCA:FXD) Reaches New 52-Week High – Time to Buy?

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

First Trust Consumer Discretionary AlphaDEX Fund Stock Up 1.3 %

The stock has a fifty day moving average of $62.40 and a two-hundred day moving average of $60.82. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 14.10 and a beta of 1.26.

Institutional Investors Weigh In On First Trust Consumer Discretionary AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CX Institutional acquired a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund during the 2nd quarter worth about $84,000. Benjamin Edwards Inc. boosted its position in First Trust Consumer Discretionary AlphaDEX Fund by 12.6% during the second quarter. Benjamin Edwards Inc. now owns 2,883 shares of the company’s stock worth $173,000 after acquiring an additional 322 shares during the last quarter. Creative Planning acquired a new stake in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth approximately $204,000. TruWealth Advisors LLC purchased a new stake in shares of First Trust Consumer Discretionary AlphaDEX Fund in the third quarter valued at $207,000. Finally, WealthBridge Capital Management LLC purchased a new position in First Trust Consumer Discretionary AlphaDEX Fund during the third quarter worth about $214,000.

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.