First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Volume Increase - Time to Buy?

Key Points

• FDT saw unusually high trading volume—about 183,178 shares traded (a 36% increase vs. the prior session)—with the stock last trading near $84.75 and down roughly 1.2% on the day.
• The fund announced a quarterly dividend of $0.3264 (annualized $1.31), a yield of about 1.6%, payable March 31 to holders of record March 26 (ex-dividend date March 26).
• Several large institutional investors boosted their holdings in Q4—including Morgan Stanley, LPL Financial, Wells Fargo and UBS—indicating notable institutional accumulation of the fund.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw unusually-high trading volume on Monday . Approximately 183,178 shares changed hands during trading, an increase of 36% from the previous session's volume of 135,132 shares.The stock last traded at $84.7520 and had previously closed at $84.62.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 1.2%

The stock has a market capitalization of $893.79 million, a P/E ratio of 9.95 and a beta of 0.87. The business has a 50-day moving average price of $90.09 and a two-hundred day moving average price of $82.10.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be paid a $0.3264 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 26th.

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

A number of institutional investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% in the 4th quarter. Morgan Stanley now owns 1,107,012 shares of the company's stock valued at $87,948,000 after purchasing an additional 36,023 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% during the fourth quarter. LPL Financial LLC now owns 844,377 shares of the company's stock worth $67,083,000 after buying an additional 92,554 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% in the 4th quarter. Wells Fargo & Company MN now owns 418,051 shares of the company's stock valued at $33,213,000 after acquiring an additional 37,903 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% during the 4th quarter. UBS Group AG now owns 284,768 shares of the company's stock valued at $22,624,000 after acquiring an additional 59,574 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% in the fourth quarter. Cetera Investment Advisers now owns 268,826 shares of the company's stock valued at $21,357,000 after buying an additional 7,106 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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