First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Down 0.2% - Time to Sell?

Key Points

• The First Trust Europe AlphaDEX Fund (FEP) experienced a slight decline of 0.2% in stock price, with recent trading at $50.92, down from a previous close of $51.04.
• The fund recently increased its quarterly dividend to $0.9551 per share, representing an annual yield of 7.5%, despite a negative dividend payout ratio of -246.97%.
• Several hedge funds, including Citadel Advisors LLC and GAMMA Investing LLC, have increased their stakes in the fund during the past quarter, indicating renewed interest among institutional investors.

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report)'s stock price traded down 0.2% during trading on Tuesday . The stock traded as low as $50.76 and last traded at $50.92. 13,423 shares traded hands during trading, a decline of 62% from the average session volume of 35,258 shares. The stock had previously closed at $51.04.

First Trust Europe AlphaDEX Fund Trading Down 0.8%

The business's 50-day simple moving average is $49.35 and its two-hundred day simple moving average is $45.71. The company has a market capitalization of $313.16 million, a PE ratio of -76.53 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.9551 dividend. The ex-dividend date was Thursday, June 26th. This represents a $3.82 annualized dividend and a yield of 7.6%. This is an increase from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. First Trust Europe AlphaDEX Fund's payout ratio is -246.97%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FEP. ORG Partners LLC purchased a new stake in First Trust Europe AlphaDEX Fund during the first quarter valued at about $33,000. Rossby Financial LCC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the first quarter valued at approximately $41,000. NewEdge Advisors LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at approximately $51,000. Jones Financial Companies Lllp lifted 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 acquiring an additional 1,210 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in First Trust Europe AlphaDEX Fund by 48.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,930 shares of the company's stock worth $92,000 after purchasing an additional 630 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.