First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Down 0.1% - Should You Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) fell 0.1% on Monday . The stock traded as low as $47.21 and last traded at $47.27. 26,258 shares were traded during trading, an increase of 1% from the average session volume of 25,981 shares. The stock had previously closed at $47.32.

First Trust Europe AlphaDEX Fund Stock Performance

The firm's 50 day simple moving average is $43.18 and its 200-day simple moving average is $40.04. The company has a market capitalization of $279.89 million, a price-to-earnings ratio of -71.27 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1115 per share. This represents a $0.45 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, March 27th. First Trust Europe AlphaDEX Fund's payout ratio is -242.42%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FEP. ORG Partners LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 1st quarter valued at about $33,000. Rossby Financial LCC purchased a new position in First Trust Europe AlphaDEX Fund during the first quarter valued at approximately $41,000. Jones Financial Companies Lllp increased its stake in 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 buying an additional 1,210 shares during the period. Synergy Investment Management LLC purchased a new stake in First Trust Europe AlphaDEX Fund in the 4th quarter worth approximately $86,000. Finally, Tucker Asset Management LLC lifted its position 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 buying an additional 956 shares in the last quarter.

About First Trust Europe AlphaDEX Fund

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.