First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 12-Month High - What's Next?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $70.00 and last traded at $69.95, with a volume of 14598 shares traded. The stock had previously closed at $69.39.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The stock has a market capitalization of $548.72 million, a P/E ratio of 9.95 and a beta of 0.96. The stock has a 50 day moving average price of $66.95 and a 200-day moving average price of $60.90.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.976 per share. This represents a $3.90 annualized dividend and a dividend yield of 5.58%. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 26th.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter worth approximately $100,000. Mainsail Financial Group LLC grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 0.7% in the 2nd quarter. Mainsail Financial Group LLC now owns 80,716 shares of the company's stock worth $5,524,000 after purchasing an additional 581 shares during the period. Traction Financial Partners LLC bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter worth approximately $513,000. Park Avenue Securities LLC bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter worth approximately $1,672,000. Finally, Farther Finance Advisors LLC grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 2,548.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 27,385 shares of the company's stock worth $1,883,000 after purchasing an additional 26,351 shares during the period.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.

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