First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading 1% Higher - What's Next?

Key Points

• The First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) saw a trading increase of 1%, with its price rising to $48.23 during Monday's session.
• The fund recently declared a quarterly dividend of $0.5288 per share, resulting in an annualized yield of 4.4%, significantly up from the previous dividend of $0.16.
• Institutional investors increased their stakes, with Jane Street Group LLC and First Trust Advisors LP raising their holdings by over 8% during the second quarter.

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - ) traded up 1% during trading on Monday . The company traded as high as $48.22 and last traded at $48.23. 70 shares traded hands during trading, a decline of 99% from the average session volume of 6,196 shares. The stock had previously closed at $47.76.

First Trust United Kingdom AlphaDEX Fund Trading Up 1.0%

The stock has a market capitalization of $69.93 million, a price-to-earnings ratio of 11.78 and a beta of 1.18. The stock has a 50-day simple moving average of $47.00 and a 200 day simple moving average of $44.34.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.5288 per share. The ex-dividend date was Thursday, June 26th. This represents a $2.12 annualized dividend and a dividend yield of 4.4%. This is a positive change from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 8.1% during the 2nd quarter. Jane Street Group LLC now owns 51,499 shares of the company's stock valued at $2,415,000 after buying an additional 3,858 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at about $34,000. First Trust Advisors LP lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 8.8% during the 2nd quarter. First Trust Advisors LP now owns 567,356 shares of the company's stock valued at $26,603,000 after buying an additional 45,706 shares during the last quarter. StoneX Group Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at about $222,000. Finally, Rathbones Group PLC lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 8.6% during the 2nd quarter. Rathbones Group PLC now owns 62,683 shares of the company's stock valued at $2,939,000 after buying an additional 4,953 shares during the last quarter.

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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