First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Up 0.4% - Still a Buy?

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $47.91 and last traded at $47.85. Approximately 20,646 shares traded hands during trading, a decline of 20% from the average daily volume of 25,904 shares. The stock had previously closed at $47.65.

First Trust Europe AlphaDEX Fund Stock Performance

The company has a market cap of $263.15 million, a P/E ratio of -72.49 and a beta of 1.09. The stock has a 50 day moving average price of $45.90 and a 200 day moving average price of $41.27.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.9551 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is a boost from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $3.82 annualized dividend and a yield of 7.98%. First Trust Europe AlphaDEX Fund's payout ratio is -246.97%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several large investors have recently made changes to their positions in FEP. ORG Partners LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund during the 1st quarter worth $33,000. Rossby Financial LCC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 1st quarter valued at $41,000. Jones Financial Companies Lllp boosted its position in shares of First Trust Europe AlphaDEX Fund by 199.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company's stock valued at $74,000 after purchasing an additional 1,210 shares during the period. Tucker Asset Management LLC increased its stake in First Trust Europe AlphaDEX Fund by 63.3% in the 4th quarter. Tucker Asset Management LLC now owns 2,467 shares of the company's stock worth $88,000 after purchasing an additional 956 shares in the last quarter. Finally, Walker Asset Management LLC purchased a new position in First Trust Europe AlphaDEX Fund in the 1st quarter worth about $208,000.

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.