First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 1-Year High – Here’s Why

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $100.71 and last traded at $99.61, with a volume of 118026 shares trading hands. The stock had previously closed at $99.23.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.95 and a beta of 0.85. The firm’s 50-day moving average price is $91.04 and its two-hundred day moving average price is $85.58.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.3264 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a yield of 1.3%.

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

A number of large investors have recently modified their holdings of FDT. Jane Street Group LLC lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 293.3% during 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 in the last quarter. Creative Planning bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $204,000. JPMorgan Chase & Co. increased its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 458 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $64,000. Finally, NewEdge Advisors LLC increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 73.6% during the second quarter. NewEdge Advisors LLC now owns 7,339 shares of the company’s stock worth $505,000 after acquiring an additional 3,111 shares in the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.