First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Trading Up 1.8% - What's Next?

Key Points

• Shares of the First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) increased by 1.8%, trading at $74.15 with a market cap of $588.75 million.
• The fund declared a quarterly dividend of $0.976, significantly up from the previous $0.11, yielding approximately 5.3% annually.
• Large investors have shown significant interest, with GAMMA Investing LLC increasing its position by 4,670.8% in the first quarter alone.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) shares were up 1.8% on Friday . The company traded as high as $74.35 and last traded at $74.15. Approximately 30,763 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 40,010 shares. The stock had previously closed at $72.87.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The business's 50 day moving average is $70.51 and its two-hundred day moving average is $64.16. The firm has a market capitalization of $582.40 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. Investors of record on Thursday, June 26th were paid a $0.976 dividend. 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 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend 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 bought and sold shares of the stock. MML Investors Services LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% during 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 in the last quarter. Benjamin Edwards Inc. raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 197.9% during the second quarter. Benjamin Edwards Inc. now owns 106,772 shares of the company's stock worth $7,342,000 after acquiring an additional 70,929 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 73.6% during 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. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth approximately $64,000. Finally, Global Retirement Partners LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth approximately $488,000.

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.