First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Down 0.8% - What's Next?

Shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) dropped 0.8% during mid-day trading on Monday . The stock traded as low as $40.69 and last traded at $40.86. Approximately 1,790 shares were traded during trading, a decline of 78% from the average daily volume of 8,227 shares. The stock had previously closed at $41.20.

First Trust United Kingdom AlphaDEX Fund Stock Performance

The company has a market cap of $57.23 million, a P/E ratio of 12.55 and a beta of 1.18. The stock has a 50 day moving average price of $40.20 and a 200 day moving average price of $39.63.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1648 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the business. Quantinno Capital Management LP grew its position in 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 buying an additional 1,055 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth $582,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth $601,000. Citadel Advisors LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter valued at $2,033,000. Finally, Rathbones Group PLC boosted its position in shares of First Trust United Kingdom AlphaDEX Fund by 2.8% in the 4th 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 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.