First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sets New 52-Week High – Here’s Why

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $98.18 and last traded at $98.1360, with a volume of 24308 shares changing hands. The stock had previously closed at $96.28.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The stock has a fifty day simple moving average of $90.95 and a two-hundred day simple moving average of $85.24. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.95 and a beta of 0.85.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3264 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.31 annualized dividend and a yield of 1.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FDT. Jane Street Group LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 293.3% in the first quarter. Jane Street Group LLC now owns 16,542 shares of the company’s stock worth $964,000 after purchasing an additional 12,336 shares during the period. Creative Planning acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at about $204,000. JPMorgan Chase & Co. boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 458 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth about $64,000. Finally, NewEdge Advisors LLC grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 73.6% in the 2nd quarter. NewEdge Advisors LLC now owns 7,339 shares of the company’s stock valued at $505,000 after buying an additional 3,111 shares during the period.

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.