First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Hits New 1-Year High – Still a Buy?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.77 and last traded at $60.79, with a volume of 733 shares. The stock had previously closed at $60.59.

First Trust Europe AlphaDEX Fund Trading Down 0.4%

The company has a market capitalization of $540.14 million, a price-to-earnings ratio of -91.95 and a beta of 0.90. The stock has a 50-day simple moving average of $58.48 and a 200-day simple moving average of $57.74.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given 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 annualized dividend and a dividend yield of 5.3%. First Trust Europe AlphaDEX Fund’s dividend payout ratio is -240.91%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 52.5% in the 1st quarter. First Trust Advisors LP now owns 1,079,715 shares of the company’s stock valued at $58,963,000 after buying an additional 371,900 shares during the period. LPL Financial LLC increased its position in First Trust Europe AlphaDEX Fund by 9.0% in the 4th quarter. LPL Financial LLC now owns 508,290 shares of the company’s stock valued at $27,323,000 after acquiring an additional 41,941 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust Europe AlphaDEX Fund by 2.4% during the first quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock valued at $11,170,000 after purchasing an additional 4,869 shares during the period. UBS Group AG raised its position in shares of First Trust Europe AlphaDEX Fund by 9.1% during the 4th quarter. UBS Group AG now owns 196,426 shares of the company’s stock worth $10,559,000 after buying an additional 16,373 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 6.7% during the first quarter. Assetmark Inc. now owns 123,126 shares of the company’s stock worth $6,724,000 after purchasing an additional 7,765 shares in the last quarter.

First Trust Europe AlphaDEX Fund Company Profile

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.