First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Down 0.1% - Here's Why

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

First Trust Europe AlphaDEX Fund Price Performance

The stock has a market capitalization of $258.45 million, a price-to-earnings ratio of -71.20 and a beta of 1.09. The firm has a 50-day moving average of $43.74 and a 200 day moving average of $40.22.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1115 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.45 dividend on an annualized basis and a yield of 0.95%. First Trust Europe AlphaDEX Fund's payout ratio is -240.91%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 1st quarter valued at about $8,859,000. Raymond James Financial Inc. bought a new stake in First Trust Europe AlphaDEX Fund in the fourth quarter valued at approximately $3,816,000. LPL Financial LLC raised its stake in First Trust Europe AlphaDEX Fund by 43.5% in the first quarter. LPL Financial LLC now owns 350,310 shares of the company's stock valued at $14,303,000 after buying an additional 106,165 shares during the period. Guild Investment Management Inc. acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the first quarter valued at approximately $2,372,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of First Trust Europe AlphaDEX Fund by 34,969.9% during the 1st quarter. Farther Finance Advisors LLC now owns 39,629 shares of the company's stock worth $1,622,000 after acquiring an additional 39,516 shares during the period.

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.