First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) rose 0.8% during mid-day trading on Wednesday . The stock traded as high as $69.67 and last traded at $69.50. Approximately 47,397 shares changed hands during trading, an increase of 19% from the average daily volume of 39,678 shares. The stock had previously closed at $68.98.
First Trust Developed Markets ex-US AlphaDEX Fund Stock Down 0.6%
The firm's 50-day moving average is $66.27 and its 200-day moving average is $60.30. The company has a market cap of $541.20 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 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. The ex-dividend date was Thursday, June 26th. This represents a $3.90 annualized dividend and a dividend yield of 5.66%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.11.
Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 1.7% during the fourth quarter. Benjamin Edwards Inc. now owns 74,914 shares of the company's stock worth $4,051,000 after acquiring an additional 1,249 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 11.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 101,910 shares of the company's stock worth $5,514,000 after acquiring an additional 10,314 shares in the last quarter. Concourse Financial Group Securities Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 3.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 8,329 shares of the company's stock worth $462,000 after acquiring an additional 294 shares in the last quarter. LaSalle St. Investment Advisors LLC bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the fourth quarter worth about $391,000. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 0.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 468,220 shares of the company's stock worth $25,321,000 after acquiring an additional 2,996 shares in the last quarter.
First Trust Developed Markets ex-US AlphaDEX Fund Company Profile
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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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