First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Trading Down 0.4% - What's Next?

Key Points

• FDT shares fell 0.4% to $94.73 in mid-day trading, with volume below the average session level. The fund has a $1.33 billion market capitalization and trades near its 50- and 200-day moving averages.
• The fund increased its quarterly dividend to $0.7816, representing an annualized payout of approximately $3.13 and a 3.3% yield.
• Institutional interest strengthened, with several investment firms initiating or expanding positions during the first quarter, including RFG Advisory, which increased its stake by 224.3%.

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT - ) was down 0.4% on Wednesday . The stock traded as low as $94.21 and last traded at $94.73. Approximately 99,375 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 127,009 shares. The stock had previously closed at $95.11.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The company has a market capitalization of $1.33 billion, a PE ratio of 9.95 and a beta of 0.89. The stock's 50 day simple moving average is $93.66 and its 200-day simple moving average is $93.70.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.7816 dividend. This represents a $3.13 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund's previous quarterly dividend of $0.33. The ex-dividend date was Thursday, June 25th.

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

Hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the first quarter worth approximately $1,944,000. RFG Advisory LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 224.3% in the first quarter. RFG Advisory LLC now owns 23,771 shares of the company's stock worth $2,066,000 after acquiring an additional 16,440 shares during the last quarter. Balboa Wealth Partners acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter worth approximately $1,603,000. Nations Financial Group Inc. IA ADV acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter worth approximately $590,000. Finally, Rockefeller Capital Management L.P. grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 79.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,136 shares of the company's stock worth $249,000 after acquiring an additional 1,389 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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