First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sets New 12-Month High - Here's Why

Key Points

• New 52-week high: FDT traded as high as $98.18 (last $98.1360) on Wednesday with ~24,308 shares changing hands; the fund has a $1.23 billion market cap, a P/E of 9.95 and 50-/200-day moving averages of $90.85/$84.93.
• Dividend update: The fund paid a quarterly dividend of $0.3264 per share (ex-dividend date March 26), equal to $1.31 annually and a yield of about 1.3%.
• Institutional flows: Several institutions boosted stakes recently, notably Jane Street Group (+293.3% to 16,542 shares, ~$964k) and JPMorgan Chase (+352.3% to 588 shares, ~$40k), indicating increased institutional interest.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - )'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $98.18 and last traded at $98.1360, with a volume of 24308 shares. The stock had previously closed at $96.28.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 2.0%

The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.95 and a beta of 0.85. The stock has a 50-day moving average price of $90.85 and a 200 day moving average price of $84.93.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3264 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 293.3% during the first quarter. Jane Street Group LLC now owns 16,542 shares of the company's stock worth $964,000 after purchasing an additional 12,336 shares in the last quarter. Creative Planning purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth approximately $204,000. JPMorgan Chase & Co. raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company's stock worth $40,000 after purchasing an additional 458 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth approximately $64,000. Finally, NewEdge Advisors LLC raised its position in First Trust Developed Markets ex-US AlphaDEX Fund by 73.6% in the second quarter. NewEdge Advisors LLC now owns 7,339 shares of the company's stock worth $505,000 after acquiring an additional 3,111 shares in the last quarter.

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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