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

First Trust United Kingdom AlphaDEX Fund logo with Manufacturing background

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

(Get Free Report)

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.

Further Reading

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