First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Up 1.7% – Should You Buy?

Shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) were up 1.7% during trading on Thursday. The stock traded as high as $54.72 and last traded at $54.71. 1,573 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 16,207 shares. The stock had previously closed at $53.78.

First Trust United Kingdom AlphaDEX Fund Stock Up 0.4%

The stock has a market capitalization of $35.71 million, a PE ratio of 11.78 and a beta of 0.86. The firm’s fifty day moving average is $55.43 and its 200-day moving average is $54.20.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.3619 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.6%. This is a decrease from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $1.0965. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

An institutional investor recently raised its position in First Trust United Kingdom AlphaDEX Fund stock. First Trust Advisors LP increased its stake in First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) by 52.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149,823 shares of the company’s stock after purchasing an additional 395,709 shares during the quarter. First Trust Advisors LP owned 153.31% of First Trust United Kingdom AlphaDEX Fund worth $57,907,000 at the end of the most recent quarter.

First Trust United Kingdom AlphaDEX Fund Company Profile

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.