First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Down 1% - Here's Why

Key Points

• Shares of the First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) fell 1% during mid-day trading, with a last trading price of $47.76.
• The fund recently increased its quarterly dividend to $0.5288, up from $0.16, which represents an annualized dividend of $2.12 and a yield of 4.4%.
• Several institutional investors, including Jane Street Group and First Trust Advisors, have increased their holdings in the fund during the second quarter.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) shares were down 1% during trading on Monday . The stock traded as low as $47.74 and last traded at $47.76. Approximately 1,659 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 6,589 shares. The stock had previously closed at $48.23.

First Trust United Kingdom AlphaDEX Fund Trading Down 0.6%

The company has a market capitalization of $68.74 million, a P/E ratio of 11.78 and a beta of 1.18. The company's fifty day moving average is $46.80 and its 200 day moving average is $43.75.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.5288 dividend. This represents a $2.12 annualized dividend and a dividend yield of 4.5%. This is a boost from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter worth about $34,000. Walkner Condon Financial Advisors LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter worth approximately $220,000. StoneX Group Inc. bought a new position in First Trust United Kingdom AlphaDEX Fund in the 2nd quarter valued at $222,000. Waverton Investment Management Ltd grew its position 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 valued at $540,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 9.6% in the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company's stock worth $459,000 after purchasing an additional 1,055 shares during the period.

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.