First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 52-Week 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.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) reached a new 52-week high 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 business has a 50 day moving average of $71.11 and a two-hundred day moving average of $64.89. The firm has a market capitalization of $591.37 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 declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a dividend of $0.976 per share. This is an increase 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. This represents a $3.90 dividend on an annualized basis and a yield of 5.2%.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1.3% during the second quarter. Silver Oak Securities Incorporated now owns 15,661 shares of the company's stock valued at $1,077,000 after purchasing an additional 196 shares during the period. MML Investors Services LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% during the second quarter. MML Investors Services LLC now owns 16,617 shares of the company's stock valued at $1,143,000 after purchasing an additional 196 shares during the period. Arkadios Wealth Advisors grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 2.2% during the first quarter. Arkadios Wealth Advisors now owns 9,675 shares of the company's stock valued at $564,000 after purchasing an additional 212 shares during the period. Comerica Bank grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1.6% during the first quarter. Comerica Bank now owns 15,156 shares of the company's stock valued at $883,000 after purchasing an additional 239 shares during the period. Finally, Snowden Capital Advisors LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 0.7% during the fourth quarter. Snowden Capital Advisors LLC now owns 33,230 shares of the company's stock valued at $1,797,000 after purchasing an additional 244 shares during the period.

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.

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