First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Trading 0.6% Higher - Time to Buy?

Key Points

• The First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) traded up 0.6%, closing at $75.90, with a market capitalization of $602.65 million.
• Recently, the fund announced a significant increase in its quarterly dividend to $0.976 per share, resulting in an annualized dividend yield of 5.1%.
• Multiple large investors have recently adjusted their positions in FDT, including an acquisition by Bank of America totaling approximately $3 million in the fourth quarter.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) traded up 0.6% during trading on Monday . The stock traded as high as $76.13 and last traded at $75.90. 20,456 shares were traded during trading, a decline of 48% from the average session volume of 39,335 shares. The stock had previously closed at $75.41.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The firm's 50 day simple moving average is $71.88 and its 200 day simple moving average is $65.62. The firm has a market capitalization of $602.65 million, a price-to-earnings ratio of 9.95 and a beta of 0.96.

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. Investors of record on Thursday, June 26th were paid a $0.976 dividend. The ex-dividend date was Thursday, June 26th. This represents a $3.90 annualized dividend and a dividend yield of 5.1%. This is an increase 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 large investors have recently made changes to their positions in FDT. Bank of America Corp DE acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at $3,058,000. GTS Securities LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 12.5% in the 4th quarter. GTS Securities LLC now owns 17,257 shares of the company's stock valued at $933,000 after purchasing an additional 1,918 shares during the period. GAMMA Investing LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 4,670.8% in the 1st quarter. GAMMA Investing LLC now owns 103,860 shares of the company's stock valued at $6,050,000 after purchasing an additional 101,683 shares during the period. NBC Securities Inc. lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 93,963.6% in the 1st quarter. NBC Securities Inc. now owns 10,347 shares of the company's stock valued at $602,000 after purchasing an additional 10,336 shares during the period. Finally, Towerpoint Wealth LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% in the 1st quarter. Towerpoint Wealth LLC now owns 28,056 shares of the company's stock valued at $1,634,000 after purchasing an additional 327 shares during the period.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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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