First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Down 0.2% - What's Next?

Key Points

• The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares have dropped by 0.2%, trading at $48.39 with a significant decline in trading volume.
• The fund recently declared a quarterly dividend of $0.3195 per share, representing an annualized dividend yield of 2.6%.
• Several hedge funds have increased their stakes in FKU, with notable purchases adding up to significant amounts, including $1.9 million from OLD Mission Capital LLC.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - ) shares traded down 0.2% during mid-day trading on Thursday . The company traded as low as $48.42 and last traded at $48.39. 2,115 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 5,733 shares. The stock had previously closed at $48.50.

First Trust United Kingdom AlphaDEX Fund Stock Performance

The firm has a market capitalization of $72.59 million, a price-to-earnings ratio of 11.78 and a beta of 1.18. The business has a 50 day simple moving average of $47.80 and a 200-day simple moving average of $45.48.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.3195 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.6%.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FKU. NewEdge Advisors LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth $34,000. Walkner Condon Financial Advisors LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth $220,000. StoneX Group Inc. purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter worth $222,000. Waverton Investment Management Ltd grew its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 17.4% during the 2nd quarter. Waverton Investment Management Ltd now owns 11,545 shares of the company's stock worth $540,000 after purchasing an additional 1,710 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 1st quarter worth $1,906,000.

First Trust United Kingdom AlphaDEX Fund Company Profile

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.

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