First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Price Down 0.5% – Should You Sell?

Shares of First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) traded down 0.5% on Friday . The stock traded as low as $63.11 and last traded at $63.19. 5,732 shares traded hands during trading, a decline of 78% from the average session volume of 25,950 shares. The stock had previously closed at $63.50.

First Trust Consumer Staples AlphaDEX Fund Stock Down 0.5 %

The firm has a market capitalization of $281.20 million, a price-to-earnings ratio of 17.29 and a beta of 0.67. The business’s 50-day simple moving average is $64.21 and its two-hundred day simple moving average is $66.11.

Institutional Investors Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in First Trust Consumer Staples AlphaDEX Fund by 68.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,057 shares of the company’s stock worth $68,000 after acquiring an additional 429 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in First Trust Consumer Staples AlphaDEX Fund during the fourth quarter worth about $115,000. LaSalle St. Investment Advisors LLC acquired a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the fourth quarter worth about $200,000. Canal Capital Management LLC purchased a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the fourth quarter valued at approximately $206,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of First Trust Consumer Staples AlphaDEX Fund in the fourth quarter valued at approximately $213,000.

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.