First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Breaks Below 200 Day Moving Average – Time to Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $57.70 and traded as low as $57.10. First Trust Europe AlphaDEX Fund shares last traded at $57.5990, with a volume of 12,939 shares.

First Trust Europe AlphaDEX Fund Trading Down 0.6%

The company has a 50 day simple moving average of $57.42 and a 200 day simple moving average of $57.70. The stock has a market capitalization of $492.47 million, a PE ratio of -87.27 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.3254 dividend. This is a negative change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. The ex-dividend date was Thursday, September 24th. This represents a $1.30 dividend on an annualized basis and a yield of 2.3%. First Trust Europe AlphaDEX Fund’s payout ratio is -263.64%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of large investors have recently modified their holdings of the business. First Trust Advisors LP boosted its position in shares of First Trust Europe AlphaDEX Fund by 52.5% during the 1st quarter. First Trust Advisors LP now owns 1,079,715 shares of the company’s stock worth $58,963,000 after purchasing an additional 371,900 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Europe AlphaDEX Fund by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 298,459 shares of the company’s stock worth $17,027,000 after purchasing an additional 9,002 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust Europe AlphaDEX Fund by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock worth $11,170,000 after purchasing an additional 4,869 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at about $7,955,000. Finally, Assetmark Inc. increased its holdings in shares of First Trust Europe AlphaDEX Fund by 6.7% in the 1st quarter. Assetmark Inc. now owns 123,126 shares of the company’s stock valued at $6,724,000 after purchasing an additional 7,765 shares in 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.