First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) to Issue Dividend Increase – $0.46 Per Share

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) declared a quarterly dividend on Thursday, December 11th. Stockholders of record on Friday, December 12th will be given a dividend of 0.4568 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, December 12th. This is a 43.0% increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.32.

First Trust United Kingdom AlphaDEX Fund Price Performance

First Trust United Kingdom AlphaDEX Fund stock opened at $49.36 on Friday. The firm has a market capitalization of $76.51 million, a price-to-earnings ratio of 11.78 and a beta of 0.97. The company’s 50 day simple moving average is $48.02 and its 200 day simple moving average is $47.26. First Trust United Kingdom AlphaDEX Fund has a fifty-two week low of $35.98 and a fifty-two week high of $49.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FKU. NewEdge Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter worth about $34,000. Advisory Services Network LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 3rd quarter valued at approximately $62,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at approximately $220,000. StoneX Group Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth approximately $222,000. Finally, Susquehanna International Group LLP increased its stake in First Trust United Kingdom AlphaDEX Fund by 16.0% during the 3rd quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock worth $457,000 after purchasing an additional 1,302 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Company Profile

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.