First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sets New 1-Year High - Still a Buy?

Key Points

• The First Trust Developed Markets ex-US AlphaDEX Fund (FDT) reached a new 52-week high of $76.01 during trading, closing at $75.93 with a trading volume of 2,850 shares.
• The fund recently increased its quarterly dividend to $0.976 per share, significantly raising its annualized dividend yield to 5.1%.
• Several institutional investors have boosted their positions in FDT, indicating growing confidence in the fund's performance in the market.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $76.01 and last traded at $75.93, with a volume of 2850 shares trading hands. The stock had previously closed at $75.41.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The company has a fifty day moving average price of $72.38 and a 200 day moving average price of $66.00. The stock has a market cap of $597.72 million, a P/E 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 given a dividend of $0.976 per share. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $3.90 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Thursday, June 26th.

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

A number of institutional investors and hedge funds have recently modified their holdings of FDT. Bank of America Corp DE bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter worth $3,058,000. GTS Securities LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.5% during the fourth quarter. GTS Securities LLC now owns 17,257 shares of the company's stock worth $933,000 after buying an additional 1,918 shares during the period. GAMMA Investing LLC raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 4,670.8% in the first quarter. GAMMA Investing LLC now owns 103,860 shares of the company's stock valued at $6,050,000 after buying an additional 101,683 shares in the last quarter. NBC Securities Inc. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 93,963.6% during the first quarter. NBC Securities Inc. now owns 10,347 shares of the company's stock worth $602,000 after purchasing an additional 10,336 shares in the last quarter. Finally, Towerpoint Wealth LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% during the first quarter. Towerpoint Wealth LLC now owns 28,056 shares of the company's stock worth $1,634,000 after buying an additional 327 shares during 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.