First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Shares Up 0.6% - Here's What Happened

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.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report) rose 0.6% during mid-day trading on Monday . The company traded as high as $76.13 and last traded at $75.90. Approximately 20,456 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 39,335 shares. The stock had previously closed at $75.41.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company has a market cap of $597.72 million, a price-to-earnings ratio of 9.95 and a beta of 0.96. The business has a 50-day simple moving average of $72.38 and a 200-day simple moving average of $66.00.

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. 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 represents a $3.90 dividend on an annualized basis and a yield of 5.2%. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.11.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 23.5% during the 2nd quarter. Osaic Holdings Inc. now owns 66,835 shares of the company's stock worth $4,533,000 after acquiring an additional 12,726 shares in the last quarter. MML Investors Services LLC raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% during the 2nd 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 position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 197.9% during the 2nd 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 position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 73.6% during the 2nd 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. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth about $64,000.

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.