First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Up 0.1% – What’s Next?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price traded up 0.1% during mid-day trading on Thursday . The company traded as high as $59.87 and last traded at $59.68. 12,621 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 32,247 shares. The stock had previously closed at $59.60.

First Trust Europe AlphaDEX Fund Stock Performance

The firm has a market capitalization of $531.15 million, a PE ratio of -90.42 and a beta of 0.90. The company has a fifty day moving average price of $58.12 and a 200-day moving average price of $57.43.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.7986 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. This represents a $3.19 dividend on an annualized basis and a yield of 5.4%. First Trust Europe AlphaDEX Fund’s payout ratio is currently -240.91%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at about $376,000. Roxbury Financial LLC increased its stake in First Trust Europe AlphaDEX Fund by 80.2% during the second quarter. Roxbury Financial LLC now owns 3,307 shares of the company’s stock worth $189,000 after acquiring an additional 1,472 shares during the last quarter. Western Wealth Management LLC purchased a new stake in First Trust Europe AlphaDEX Fund during the first quarter valued at approximately $26,000. Bank of America Corp DE raised its position in First Trust Europe AlphaDEX Fund by 9.0% during the first quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock valued at $6,598,000 after purchasing an additional 9,965 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of First Trust Europe AlphaDEX Fund by 7.4% in the 1st quarter. Royal Bank of Canada now owns 18,472 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,271 shares during the last quarter.

About First Trust Europe AlphaDEX Fund

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P’s AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.