First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Stock Price Down 0.3% - Should You Sell?

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 - )'s share price traded down 0.3% during mid-day trading on Friday . The stock traded as low as $46.97 and last traded at $47.00. 167 shares traded hands during mid-day 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 Price Performance

The stock has a market cap of $68.15 million, a price-to-earnings ratio of 11.78 and a beta of 1.18. The stock's 50 day simple moving average is $46.15 and its two-hundred day simple moving average is $42.28.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.5288 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.50%. 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 Trading of First Trust United Kingdom AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 9.6% in the 4th 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 period. Jane Street Group LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at $582,000. Raymond James Financial Inc. acquired a new position in First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at $601,000. OLD Mission Capital LLC acquired a new position in First Trust United Kingdom AlphaDEX Fund in the 1st quarter valued at $1,906,000. Finally, Citadel Advisors LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund in the fourth quarter worth $2,033,000.

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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