First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading 0.3% Higher - Here's What Happened

Key Points

• Trading volume spike: Shares rose 0.3% to $55.10 on Monday with 102,914 shares traded, about 104% above the average session volume, indicating elevated intraday activity.
• Dividend increase: The fund raised its quarterly dividend to $0.5446 (from $0.18), an annualized $2.18 representing a ~4.0% yield.
• Institutional buying: Several firms added to positions, notably First Trust Advisors LP purchased a new stake worth roughly $38.0 million while LPL, UBS and others also increased holdings.

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - )'s stock price traded up 0.3% during trading on Monday . The company traded as high as $55.17 and last traded at $55.10. 102,914 shares were traded during mid-day trading, an increase of 104% from the average session volume of 50,523 shares. The stock had previously closed at $54.91.

First Trust Europe AlphaDEX Fund Stock Up 0.3%

The company has a 50 day simple moving average of $56.73 and a two-hundred day simple moving average of $53.11. The company has a market capitalization of $429.78 million, a P/E ratio of -83.48 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.5446 dividend. This is a positive change from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 12th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.0%. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is presently -271.21%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP purchased a new position in First Trust Europe AlphaDEX Fund during the fourth quarter worth $38,048,000. LPL Financial LLC raised its stake in shares of First Trust Europe AlphaDEX Fund by 9.0% in the fourth quarter. LPL Financial LLC now owns 508,290 shares of the company's stock valued at $27,323,000 after acquiring an additional 41,941 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust Europe AlphaDEX Fund by 3.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 274,923 shares of the company's stock worth $14,035,000 after acquiring an additional 8,167 shares during the last quarter. UBS Group AG lifted its holdings in shares of First Trust Europe AlphaDEX Fund by 9.1% in the 4th quarter. UBS Group AG now owns 196,426 shares of the company's stock worth $10,559,000 after acquiring an additional 16,373 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Europe AlphaDEX Fund by 20.9% during the 2nd quarter. Cetera Investment Advisers now owns 173,440 shares of the company's stock worth $8,290,000 after purchasing an additional 30,029 shares during the period.

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.

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