First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 52-Week High – Still a Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) reached a new 52-week high on Monday . The stock traded as high as $87.96 and last traded at $88.07, with a volume of 5444 shares traded. The stock had previously closed at $87.39.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The firm has a fifty day simple moving average of $80.67 and a 200 day simple moving average of $76.41. The company has a market cap of $931.04 million, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $1.109 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. This represents a $4.44 dividend on an annualized basis and a yield of 5.0%.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of large investors have recently bought and sold shares of FDT. Sage Private Wealth Group LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter valued at $12,761,000. SMI Advisory Services LLC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the fourth quarter valued at $13,842,000. Benjamin Edwards Inc. grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 197.9% during the second quarter. Benjamin Edwards Inc. now owns 106,772 shares of the company’s stock valued at $7,342,000 after acquiring an additional 70,929 shares during the period. Greenup Street Wealth Management LLC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter valued at about $3,807,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth about $3,360,000.

About First Trust Developed Markets ex-US AlphaDEX Fund

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.