First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Trading volume surged 209% to 398,901 shares, while FDT traded at $95.15 versus the prior close of $94.57.
• FDT raised its quarterly dividend to $0.7816 per share, equivalent to an annualized $3.13 dividend and a 3.3% yield.
• Several institutional investors increased or initiated positions in the ETF, which tracks developed-market stocks outside the U.S. using growth and value factors.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw unusually-strong trading volume on Friday . 398,901 shares changed hands during mid-day trading, an increase of 209% from the previous session's volume of 129,107 shares.The stock last traded at $95.15 and had previously closed at $94.57.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company has a market cap of $1.35 billion, a P/E ratio of 9.95 and a beta of 0.88. The stock's fifty day moving average price is $93.48 and its two-hundred day moving average price is $93.21.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.7816 per share. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.33. This represents a $3.13 annualized dividend and a yield of 3.3%.

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

Several institutional investors and hedge funds have recently modified their holdings of FDT. Coppell Advisory Solutions LLC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth about $25,000. JPMorgan Chase & Co. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company's stock valued at $40,000 after purchasing an additional 458 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 50.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 529 shares of the company's stock valued at $42,000 after purchasing an additional 178 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 591 shares of the company's stock valued at $47,000 after buying an additional 408 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $64,000.

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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