First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume rose 63% to 51,331 shares, while FEP edged up 0.3% to $55.97. The ETF’s market capitalization is approximately $504.8 million.
• First Trust Europe AlphaDEX Fund reduced its quarterly dividend to $0.3254 from $0.7986, representing an annualized dividend of $1.30 and a 2.3% yield.
• Institutional interest was generally positive, with First Trust Advisors increasing its position by 52.5% and several other investors adding or initiating stakes.

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - ) saw strong trading volume on Tuesday. 51,331 shares were traded during trading, an increase of 63% from the previous session's volume of 31,464 shares. The stock last traded at $55.97 and had previously closed at $55.90.

First Trust Europe AlphaDEX Fund Stock Up 0.3%

The company has a market capitalization of $504.76 million, a price-to-earnings ratio of -84.98 and a beta of 0.90. The business's 50-day moving average is $59.20 and its 200-day moving average is $58.08.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.3254 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.30 annualized dividend and a dividend yield of 2.3%. This is a decrease from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.7986. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is presently -263.64%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of First Trust Europe AlphaDEX Fund by 52.5% in the first quarter. First Trust Advisors LP now owns 1,079,715 shares of the company's stock valued at $58,963,000 after acquiring an additional 371,900 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund during the first quarter worth approximately $130,000. Assetmark Inc. raised its stake in First Trust Europe AlphaDEX Fund by 6.7% in the 1st quarter. Assetmark Inc. now owns 123,126 shares of the company's stock valued at $6,724,000 after purchasing an additional 7,765 shares during the last quarter. Independent Financial Group LLC acquired a new position in First Trust Europe AlphaDEX Fund in the 1st quarter valued at $432,000. Finally, Sanctuary Advisors LLC boosted its stake in First Trust Europe AlphaDEX Fund by 2.7% during the 1st quarter. Sanctuary Advisors LLC now owns 11,573 shares of the company's stock worth $632,000 after purchasing an additional 305 shares during the last quarter.

About First Trust Europe AlphaDEX Fund

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P's AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.

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