First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG) Stock Price Up 0.6% – Here’s Why

by · The Cerbat Gem

First Trust Consumer Staples AlphaDEX Fund (NYSEARCA:FXG – Get Free Report) rose 0.6% during mid-day trading on Wednesday . The company traded as high as $61.05 and last traded at $61.03. Approximately 8,305 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 25,181 shares. The stock had previously closed at $60.68.

First Trust Consumer Staples AlphaDEX Fund Stock Up 0.6%

The stock has a market capitalization of $262.43 million, a PE ratio of 15.10 and a beta of 0.56. The stock’s 50-day moving average is $61.97 and its 200 day moving average is $63.11.

Hedge Funds Weigh In On First Trust Consumer Staples AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the stock. Huntington National Bank purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the second quarter worth $26,000. Founders Financial Alliance LLC acquired a new position in First Trust Consumer Staples AlphaDEX Fund in the 3rd quarter worth about $45,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the 3rd quarter worth about $49,000. Tableaux LLC acquired a new stake in shares of First Trust Consumer Staples AlphaDEX Fund during the 2nd quarter valued at about $167,000. Finally, Comerica Bank grew its stake in shares of First Trust Consumer Staples AlphaDEX Fund by 30.5% in the 1st quarter. Comerica Bank now owns 2,954 shares of the company’s stock valued at $193,000 after buying an additional 691 shares in the last quarter.

First Trust Consumer Staples AlphaDEX Fund Company Profile

(Get Free Report)

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. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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