First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Down 0.3% - Here's Why

Key Points

• The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a **0.3% decrease** in share price, trading at **$47.00** with a significant decline in trading volume of **98%** from the average.
• The fund recently **increased its quarterly dividend** to **$0.5288**, resulting in an annualized dividend yield of **4.50%**, up from the previous **$0.16**.
• Institutional investors are actively trading the fund, with notable new stakes from firms such as **Citadel Advisors LLC** and **OLD Mission Capital LLC**, indicating growing interest in the ETF.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report)'s share price traded down 0.3% on Friday . The stock traded as low as $46.97 and last traded at $47.00. 167 shares traded hands during trading, a decline of 98% from the average session volume of 6,795 shares. The stock had previously closed at $47.15.

First Trust United Kingdom AlphaDEX Fund Trading Down 1.4%

The firm's 50 day moving average is $46.18 and its two-hundred day moving average is $42.42. The firm has a market cap of $67.17 million, a P/E ratio of 11.78 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.5288 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $2.12 dividend on an annualized basis and a yield of 4.57%. This is a positive change from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FKU. Quantinno Capital Management LP raised 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 valued at $459,000 after purchasing an additional 1,055 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 2.8% in the fourth quarter. Rathbones Group PLC now owns 59,264 shares of the company's stock valued at $2,257,000 after purchasing an additional 1,622 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the fourth quarter valued at approximately $582,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the fourth quarter valued at approximately $601,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the first quarter valued at approximately $1,906,000.

About First Trust United Kingdom AlphaDEX Fund

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.