First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Down 0% - Should You Sell?

Key Points

• FEP traded essentially flat at about $58.72, with 15,086 shares changing hands—48% below its average daily volume. Its 50-day moving average is $59.17, compared with $57.90 for the 200-day average.
• The fund recently increased its quarterly dividend to $0.7986 per share, equivalent to an annualized $3.19 dividend and a 5.4% yield.
• Institutional investors showed mixed but generally positive activity, with several firms—including Citadel Advisors and Tucker Asset Management—adding to their FEP positions. FEP is an ETF holding 200 European companies selected through the NASDAQ AlphaDEX methodology.

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - )'s share price was down 0% during mid-day trading on Tuesday . The stock traded as low as $58.63 and last traded at $58.7210. 15,086 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 29,189 shares. The stock had previously closed at $58.73.

First Trust Europe AlphaDEX Fund Stock Performance

The business's 50 day moving average price is $59.17 and its 200-day moving average price is $57.90. The company has a market cap of $473.29 million, a price-to-earnings ratio of -88.97 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.7986 dividend. This represents a $3.19 annualized dividend and a yield of 5.4%. This is a boost from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 25th. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is currently -240.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FEP. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Europe AlphaDEX Fund during the second quarter valued at $198,000. IFP Advisors Inc boosted its stake in shares of First Trust Europe AlphaDEX Fund by 3.4% in the 2nd quarter. IFP Advisors Inc now owns 41,236 shares of the company's stock valued at $2,353,000 after purchasing an additional 1,367 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of First Trust Europe AlphaDEX Fund by 4.3% in the 2nd quarter. Baird Financial Group Inc. now owns 23,505 shares of the company's stock worth $1,341,000 after purchasing an additional 961 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 17.7% in the 2nd quarter. Citadel Advisors LLC now owns 47,652 shares of the company's stock worth $2,719,000 after purchasing an additional 7,165 shares during the last quarter. Finally, Tucker Asset Management LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 16.3% in the 2nd quarter. Tucker Asset Management LLC now owns 3,231 shares of the company's stock worth $184,000 after purchasing an additional 453 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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