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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $38.07 and traded as low as $36.44. First Trust Europe AlphaDEX Fund shares last traded at $36.56, with a volume of 14,270 shares trading hands.

First Trust Europe AlphaDEX Fund Trading Up 0.6 %

The firm has a 50-day moving average of $37.90 and a 200 day moving average of $38.07. The company has a market cap of $197.42 million, a P/E ratio of -55.39 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.2959 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, September 26th. First Trust Europe AlphaDEX Fund’s payout ratio is -257.58%.

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 FEP. Coppell Advisory Solutions Corp. bought a new stake in shares of First Trust Europe AlphaDEX Fund during the first quarter valued at approximately $2,838,000. Cetera Investment Advisers increased its stake in First Trust Europe AlphaDEX Fund by 69.5% during the 1st quarter. Cetera Investment Advisers now owns 115,097 shares of the company’s stock valued at $4,325,000 after purchasing an additional 47,211 shares in the last quarter. Cetera Advisors LLC raised its holdings in First Trust Europe AlphaDEX Fund by 185.2% during the first quarter. Cetera Advisors LLC now owns 38,086 shares of the company’s stock worth $1,431,000 after buying an additional 24,733 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the second quarter valued at $728,000. Finally, Benjamin Edwards Inc. lifted its stake in shares of First Trust Europe AlphaDEX Fund by 702.5% in the third quarter. Benjamin Edwards Inc. now owns 16,451 shares of the company’s stock valued at $641,000 after buying an additional 14,401 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.