Consumer Staples ETF (FXG) Hits New 52-Week High

Key Takeaways FXG reaches a new 52-week high as defensive sectors gain traction in volatile markets.Investor rotation from tech into consumer staples boosts demand for safe-haven ETFs.First Trust Consumer Staples AlphaDEX ETF (FXG) is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and has moved up 12.2% from its 52-week low price of $59.67/share.Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better i ...