First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 1-Year High - Here's Why

Key Points

• The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) reached a new 52-week high at $74.64, with a last trading price of $74.48 and a volume of 23,445 shares.
• The fund has recently increased its quarterly dividend to $0.976 per share, representing a 5.2% annualized yield, significantly up from the previous dividend of $0.11.
• Institutional investors have been actively trading the fund, with notable increases in holdings by several firms, including Silver Oak Securities and MML Investors Services.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $74.64 and last traded at $74.48, with a volume of 23445 shares. The stock had previously closed at $73.57.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company has a 50-day moving average of $71.72 and a 200-day moving average of $65.39. The stock has a market cap of $598.76 million, a price-to-earnings ratio of 9.95 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.976 per share. This represents a $3.90 annualized dividend and a yield of 5.2%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.11.

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

Large investors have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 11.2% in the 1st quarter. LPL Financial LLC now owns 529,294 shares of the company's stock valued at $30,831,000 after purchasing an additional 53,268 shares during the period. Raymond James Financial Inc. grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 17.3% in the 1st quarter. Raymond James Financial Inc. now owns 273,070 shares of the company's stock worth $15,906,000 after purchasing an additional 40,279 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 14.4% during the 1st quarter. Cetera Investment Advisers now owns 178,087 shares of the company's stock valued at $10,374,000 after buying an additional 22,471 shares in the last quarter. Assetmark Inc. increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 13.1% in the 2nd quarter. Assetmark Inc. now owns 149,046 shares of the company's stock worth $10,248,000 after buying an additional 17,231 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 15.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 112,770 shares of the company's stock worth $6,569,000 after buying an additional 15,196 shares in 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.