First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Down 1.1% - Here's Why

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report)'s share price was down 1.1% during trading on Thursday . The company traded as low as $48.96 and last traded at $48.96. Approximately 21,382 shares changed hands during trading, a decline of 41% from the average daily volume of 36,214 shares. The stock had previously closed at $49.51.

First Trust Europe AlphaDEX Fund Trading Up 0.3%

The firm has a 50-day moving average of $47.29 and a two-hundred day moving average of $42.55. The firm has a market capitalization of $302.15 million, a P/E ratio of -74.44 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.9551 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date was Thursday, June 26th. This is a boost from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. First Trust Europe AlphaDEX Fund's payout ratio is presently -246.97%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Armis Advisers LLC bought a new position in First Trust Europe AlphaDEX Fund during the 4th quarter worth approximately $200,000. Richmond Investment Services LLC acquired a new stake in First Trust Europe AlphaDEX Fund during the 4th quarter worth about $298,000. Cetera Investment Advisers raised its position in shares of First Trust Europe AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 112,038 shares of the company's stock worth $4,013,000 after acquiring an additional 3,387 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of First Trust Europe AlphaDEX Fund by 63.2% in the 4th quarter. Benjamin Edwards Inc. now owns 26,843 shares of the company's stock valued at $961,000 after purchasing an additional 10,392 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of First Trust Europe AlphaDEX Fund by 13.2% during the 4th quarter. MML Investors Services LLC now owns 41,689 shares of the company's stock valued at $1,493,000 after purchasing an additional 4,875 shares in the last quarter.

First Trust Europe AlphaDEX Fund Company Profile

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P's AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.