First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 12-Month High – What’s Next?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.12 and last traded at $81.23, with a volume of 10340 shares trading hands. The stock had previously closed at $80.42.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The firm has a 50 day moving average price of $78.15 and a two-hundred day moving average price of $74.49. The company has a market cap of $810.51 million, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $1.109 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. This represents a $4.44 annualized dividend and a dividend yield of 5.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at approximately $26,000. JPMorgan Chase & Co. lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 458 shares in the last quarter. Topsail Wealth Management LLC bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter worth about $54,000. Northwestern Mutual Wealth Management Co. bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter worth about $64,000. Finally, Hilltop National Bank purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter valued at about $100,000.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.