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

Key Points

• FEP shares rose 0.1% to $59.68 in mid-day trading, while volume fell 61% below the average session volume.
• The fund paid a quarterly dividend of $0.7986 per share, up from $0.08 previously, implying an annualized dividend of $3.19 and a 5.4% yield.
• Several institutional investors increased or initiated positions in FEP, including Smartleaf Asset Management, which boosted its holdings by 305.1%, and Jones Financial Companies, which increased its position by 199%.

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP - ) shot up 0.1% on Thursday . The stock traded as high as $59.87 and last traded at $59.68. 12,621 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 32,247 shares. The stock had previously closed at $59.60.

First Trust Europe AlphaDEX Fund Stock Performance

The firm has a market capitalization of $531.15 million, a PE ratio of -90.42 and a beta of 0.90. The business's fifty day simple moving average is $58.12 and its 200-day simple moving average is $57.43.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.7986 per share. This is a positive change from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.08. This represents a $3.19 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Thursday, June 25th. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is currently -240.91%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FEP. Smartleaf Asset Management LLC boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 305.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 474 shares of the company's stock valued at $26,000 after purchasing an additional 357 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the first quarter worth about $26,000. NewEdge Advisors LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the second quarter worth about $51,000. Flagship Harbor Advisors LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund in the fourth quarter worth about $61,000. Finally, Jones Financial Companies Lllp lifted its position in shares of First Trust Europe AlphaDEX Fund by 199.0% in the first quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company's stock worth $74,000 after buying an additional 1,210 shares in the last quarter.

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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