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

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.6%

The firm has a 50 day moving average of $71.72 and a 200 day moving average of $65.49. The firm has a market cap of $602.65 million, a PE ratio of 9.95 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.976 per share. This is an increase 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 5.1%. The ex-dividend date was Thursday, June 26th.

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

Several institutional investors have recently made changes to their positions in the stock. Silver Oak Securities Incorporated lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.3% during the second quarter. Silver Oak Securities Incorporated now owns 15,661 shares of the company's stock worth $1,077,000 after acquiring an additional 196 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% in the second quarter. MML Investors Services LLC now owns 16,617 shares of the company's stock worth $1,143,000 after purchasing an additional 196 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.2% in the first quarter. Arkadios Wealth Advisors now owns 9,675 shares of the company's stock worth $564,000 after purchasing an additional 212 shares during the period. Comerica Bank increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.6% in the first quarter. Comerica Bank now owns 15,156 shares of the company's stock worth $883,000 after purchasing an additional 239 shares during the period. Finally, Snowden Capital Advisors LLC increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 0.7% in the fourth quarter. Snowden Capital Advisors LLC now owns 33,230 shares of the company's stock worth $1,797,000 after purchasing an additional 244 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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