First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Shares Down 1% - Here's Why

Key Points

• Shares of the First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) fell by 1% during trading, closing at $75.56 after a low of $75.52.
• The company announced a quarterly dividend of $0.4076, representing a 2.2% dividend yield, paid to stockholders of record on September 25.
• Institutional investments in FDT have seen growth, with various hedge funds increasing their shares, indicating continued interest in the fund despite a recent dip in share price.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) fell 1% during trading on Tuesday . The stock traded as low as $75.52 and last traded at $75.56. 47,601 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 40,635 shares. The stock had previously closed at $76.36.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 1.0%

The company has a market cap of $671.73 million, a price-to-earnings ratio of 9.95 and a beta of 0.96. The company's 50 day moving average price is $73.75 and its 200 day moving average price is $67.37.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.4076 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 25th.

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

Hedge funds have recently made changes to their positions in the company. Silver Oak Securities Incorporated grew its holdings 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 buying an additional 196 shares in the last quarter. MML Investors Services LLC boosted its position 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 acquiring an additional 196 shares during the last quarter. Arkadios Wealth Advisors boosted its position 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 acquiring an additional 212 shares during the last quarter. Comerica Bank boosted its position 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 acquiring an additional 239 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 5,605 shares of the company's stock worth $327,000 after acquiring an additional 276 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.