First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report)'s stock price was down 1.1% on Thursday . The company traded as low as $48.96 and last traded at $48.96. Approximately 21,382 shares changed hands during mid-day 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 Down 2.2%
The stock's fifty day moving average is $47.37 and its two-hundred day moving average is $42.73. The company has a market capitalization of $295.57 million, a PE ratio of -72.82 and a beta of 1.09.
First Trust Europe AlphaDEX Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.9551 dividend. This is an increase from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $3.82 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date was Thursday, June 26th. First Trust Europe AlphaDEX Fund's payout ratio is -246.97%.
Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund during the first quarter valued at about $33,000. Rossby Financial LCC purchased a new stake in First Trust Europe AlphaDEX Fund in the first quarter worth approximately $41,000. Jones Financial Companies Lllp boosted its stake in First Trust Europe AlphaDEX Fund by 199.0% in the first quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company's stock worth $74,000 after buying an additional 1,210 shares in the last quarter. Tucker Asset Management LLC boosted its stake in shares of First Trust Europe AlphaDEX Fund by 63.3% during the fourth quarter. Tucker Asset Management LLC now owns 2,467 shares of the company's stock valued at $88,000 after purchasing an additional 956 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund during the second quarter valued at approximately $116,000.
About First Trust Europe AlphaDEX Fund
(
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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.
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