First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading volume jumped 28% to 160,513 shares, while FDT last traded at $94.123, slightly above its prior close of $93.79.
• The ETF announced a reduced quarterly dividend of $0.5323, down from $0.7816 previously, implying an annualized payout of $2.13 and a 2.3% yield.
• Several institutional investors increased their holdings, while FDT’s valuation stood at a P/E ratio of 9.95 and a market capitalization of approximately $1.35 billion.

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) saw unusually-high trading volume on Wednesday. 160,513 shares traded hands during trading, an increase of 28% from the previous session's volume of 124,961 shares. The stock last traded at $94.1230 and had previously closed at $93.79.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The stock has a 50-day simple moving average of $94.46 and a 200 day simple moving average of $93.93. The company has a market cap of $1.35 billion, a P/E ratio of 9.95 and a beta of 0.89.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.5323 dividend. The ex-dividend date is Thursday, September 24th. This is a negative change from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.7816. This represents a $2.13 dividend on an annualized basis and a dividend yield of 2.3%.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Richmond Investment Services LLC raised its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% in the 1st quarter. Richmond Investment Services LLC now owns 2,959 shares of the company's stock valued at $257,000 after buying an additional 157 shares in the last quarter. Tucker Asset Management LLC raised its position in First Trust Developed Markets ex-US AlphaDEX Fund by 6.6% in the second quarter. Tucker Asset Management LLC now owns 2,812 shares of the company's stock worth $266,000 after purchasing an additional 174 shares in the last quarter. HBW Advisory Services LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 1.1% during the first quarter. HBW Advisory Services LLC now owns 17,002 shares of the company's stock worth $1,478,000 after purchasing an additional 191 shares during the period. Flagstar Advisors Inc. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 2.2% during the first quarter. Flagstar Advisors Inc. now owns 11,525 shares of the company's stock worth $1,002,000 after purchasing an additional 253 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 5.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,753 shares of the company's stock valued at $545,000 after purchasing an additional 308 shares in the last quarter.

About First Trust Developed Markets ex-US AlphaDEX Fund

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.

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