First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Trading Up 1.6% - What's Next?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) shot up 1.6% during mid-day trading on Tuesday . The stock traded as high as $66.16 and last traded at $65.94. 17,380 shares changed hands during trading, a decline of 55% from the average session volume of 38,218 shares. The stock had previously closed at $64.91.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.5%

The firm has a market cap of $476.17 million, a PE ratio of 9.49 and a beta of 0.96. The company's 50-day moving average is $60.22 and its 200 day moving average is $57.64.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1074 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 35.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,515 shares of the company's stock valued at $1,758,000 after acquiring an additional 8,570 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 6.9% during the fourth quarter. Gateway Wealth Partners LLC now owns 28,720 shares of the company's stock valued at $1,553,000 after purchasing an additional 1,863 shares during the last quarter. Iams Wealth Management LLC raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.0% in the fourth quarter. Iams Wealth Management LLC now owns 22,556 shares of the company's stock valued at $1,220,000 after purchasing an additional 441 shares during the period. Mainsail Financial Group LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 6.3% in the fourth quarter. Mainsail Financial Group LLC now owns 76,769 shares of the company's stock worth $4,152,000 after buying an additional 4,567 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 17.4% in the 4th quarter. Principal Securities Inc. now owns 5,212 shares of the company's stock valued at $282,000 after buying an additional 772 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.