First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Up 1.2% - Time to Buy?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) shares shot up 1.2% on Friday . The stock traded as high as $46.75 and last traded at $46.75. 338 shares changed hands during trading, a decline of 96% from the average session volume of 8,189 shares. The stock had previously closed at $46.18.

First Trust United Kingdom AlphaDEX Fund Stock Up 1.2%

The company has a market capitalization of $63.11 million, a PE ratio of 11.78 and a beta of 1.18. The company's 50 day moving average is $45.14 and its two-hundred day moving average is $41.46.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.5288 per share. The ex-dividend date was Thursday, June 26th. This represents a $2.12 annualized dividend and a yield of 4.52%. This is a positive change from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FKU. Citadel Advisors LLC bought a new position in First Trust United Kingdom AlphaDEX Fund during the fourth quarter valued at $2,033,000. OLD Mission Capital LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 1st quarter worth about $1,906,000. Jane Street Group LLC lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 211.6% in the 1st quarter. Jane Street Group LLC now owns 47,641 shares of the company's stock worth $1,907,000 after acquiring an additional 32,353 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth about $601,000. Finally, Rathbones Group PLC lifted its holdings 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 worth $2,257,000 after acquiring an additional 1,622 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.