First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares saw unusually-high trading volume on Wednesday. 160,513 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 124,961 shares. The stock last traded at $94.1230 and had previously closed at $93.79.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.95 and a beta of 0.89. The firm has a 50 day simple moving average of $94.46 and a 200-day simple moving average of $93.93.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.5323 per share. The ex-dividend date is Thursday, September 24th. This is a drop from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.7816. This represents a $2.13 annualized dividend and a dividend yield of 2.3%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Richmond Investment Services LLC lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% during the 1st quarter. Richmond Investment Services LLC now owns 2,959 shares of the company’s stock worth $257,000 after buying an additional 157 shares in the last quarter. Tucker Asset Management LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 6.6% in the second quarter. Tucker Asset Management LLC now owns 2,812 shares of the company’s stock worth $266,000 after acquiring an additional 174 shares during the last quarter. HBW Advisory Services LLC lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.1% during the first quarter. HBW Advisory Services LLC now owns 17,002 shares of the company’s stock worth $1,478,000 after purchasing an additional 191 shares in the last quarter. Flagstar Advisors Inc. grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.2% during the first quarter. Flagstar Advisors Inc. now owns 11,525 shares of the company’s stock valued at $1,002,000 after purchasing an additional 253 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,753 shares of the company’s stock valued at $545,000 after purchasing an additional 308 shares during the last quarter.

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.