First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Shares Down 0.3% - Here's What Happened

Key Points

• First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) experienced a 0.3% decline in stock price, trading at $69.54 after closing at $69.72 the previous day.
• The fund recently raised its quarterly dividend to $0.976 per share, significantly increasing from the prior dividend of $0.11, translating to an annualized yield of 5.6%.
• Institutional investors have shown increased interest in FDT, with several firms like LPL Financial and Raymond James boosting their holdings by double-digit percentages in the last quarter.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) traded down 0.3% during trading on Thursday . The stock traded as low as $69.42 and last traded at $69.54. 22,612 shares changed hands during trading, a decline of 43% from the average session volume of 39,467 shares. The stock had previously closed at $69.72.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The stock has a market cap of $559.37 million, a PE ratio of 9.95 and a beta of 0.96. The company's 50-day moving average price is $68.25 and its 200 day moving average price is $62.02.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.976 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is a positive change 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 5.5%.

Hedge Funds 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 the company. Silver Oak Securities Incorporated increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1.3% in the second quarter. Silver Oak Securities Incorporated now owns 15,661 shares of the company's stock valued at $1,077,000 after buying an additional 196 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in 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 valued at $564,000 after buying an additional 212 shares in the last quarter. Comerica Bank increased its holdings in 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 valued at $883,000 after buying an additional 239 shares in the last quarter. Snowden Capital Advisors LLC increased its holdings in 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 valued at $1,797,000 after buying an additional 244 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 1.9% in the fourth quarter. First Trust Advisors LP now owns 13,107 shares of the company's stock valued at $709,000 after buying an additional 249 shares in 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.