First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Strong Trading Volume - What's Next?

Key Points

• The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) experienced a significant increase in trading volume, with about 195,079 shares traded, marking a 392% rise from the previous day's volume.
• The fund announced a quarterly dividend of $0.4076 per share, translating to an annualized yield of 2.2%, with an ex-dividend date set for September 25th.
• Institutional investors have recently increased their stakes, with notable increases from JPMorgan Chase & Co. and other hedge funds, indicating growing confidence in the fund's potential.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw unusually-high trading volume on Tuesday . Approximately 195,079 shares were traded during mid-day trading, an increase of 392% from the previous session's volume of 39,679 shares.The stock last traded at $75.26 and had previously closed at $74.88.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The firm has a market capitalization of $598.44 million, a PE ratio of 9.95 and a beta of 0.96. The firm has a 50-day simple moving average of $73.12 and a 200-day simple moving average of $66.76.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 25th will be paid a dividend of $0.4076 per share. This represents a $1.63 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 25th.

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

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company's stock worth $40,000 after acquiring an additional 458 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 55.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,034 shares of the company's stock worth $60,000 after acquiring an additional 369 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter valued at approximately $64,000. Rossby Financial LCC bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter valued at approximately $86,000. Finally, Hilltop National Bank bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter valued at approximately $100,000.

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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