First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Down 0.5% – Here’s What Happened

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares dropped 0.5% on Monday . The stock traded as low as $56.34 and last traded at $56.4240. 360 shares changed hands during trading, a decline of 98% from the average session volume of 20,282 shares. The stock had previously closed at $56.69.

First Trust United Kingdom AlphaDEX Fund Trading Down 0.5%

The firm has a market cap of $39.50 million, a price-to-earnings ratio of 11.78 and a beta of 0.86. The company has a fifty day moving average price of $54.38 and a 200-day moving average price of $53.58.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $1.0965 per share. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. This represents a $4.39 annualized dividend and a yield of 7.8%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. StoneX Group Inc. raised its holdings in First Trust United Kingdom AlphaDEX Fund by 12.5% in the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock worth $271,000 after purchasing an additional 591 shares during the period. NewEdge Advisors LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund during the second quarter worth approximately $34,000. Cottonwood Capital Advisors LLC grew its holdings in First Trust United Kingdom AlphaDEX Fund by 10.9% in the first quarter. Cottonwood Capital Advisors LLC now owns 11,788 shares of the company’s stock valued at $594,000 after purchasing an additional 1,158 shares during the period. Advisory Services Network LLC acquired a new stake in First Trust United Kingdom AlphaDEX Fund in the third quarter valued at approximately $62,000. Finally, Susquehanna International Group LLP grew its holdings in First Trust United Kingdom AlphaDEX Fund by 16.0% in the third quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock valued at $457,000 after purchasing an additional 1,302 shares during the period.

About First Trust United Kingdom AlphaDEX Fund

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.