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

Shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU - Get Free Report) traded up 1.2% on Friday . The stock traded as high as $46.75 and last traded at $46.75. 338 shares traded 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 fifty day simple moving average of $45.14 and a two-hundred day simple moving average of $41.41. The stock has a market capitalization of $60.78 million, a P/E ratio of 11.78 and a beta of 1.18.

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 $0.5288 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.52%. This is a positive change from First Trust United Kingdom AlphaDEX Fund's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the company. Rathbones Group PLC lifted 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 in the last quarter. Citadel Advisors LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth about $2,033,000. Jane Street Group LLC raised its holdings in First Trust United Kingdom AlphaDEX Fund by 211.6% during the first 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 in the last quarter. OLD Mission Capital LLC bought a new stake in First Trust United Kingdom AlphaDEX Fund during the first quarter worth about $1,906,000. Finally, Raymond James Financial Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth about $601,000.

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.