First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Trading Up 0.3% - Should You Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - Get Free Report)'s stock price shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $68.10 and last traded at $67.73. 40,378 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 37,293 shares. The stock had previously closed at $67.54.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.3%

The stock has a fifty day simple moving average of $63.14 and a 200-day simple moving average of $58.75. The stock has a market cap of $490.37 million, a price-to-earnings ratio of 9.49 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1074 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.43 annualized dividend and a dividend yield of 0.63%.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FDT. Arkadios Wealth Advisors raised its position 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 worth $564,000 after purchasing an additional 212 shares in the last quarter. Comerica Bank lifted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.6% during the 1st quarter. Comerica Bank now owns 15,156 shares of the company's stock worth $883,000 after buying an additional 239 shares during the period. Snowden Capital Advisors LLC boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 0.7% in the 4th 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. First Trust Advisors LP boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 1.9% in the 4th 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. Finally, NewEdge Wealth LLC grew its position in First Trust Developed Markets ex-US AlphaDEX Fund by 1.0% in the fourth quarter. NewEdge Wealth LLC now owns 25,176 shares of the company's stock valued at $1,362,000 after acquiring an additional 255 shares during the period.

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.

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