First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Strong Trading Volume – Here’s Why

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares saw an uptick in trading volume on Thursday . 132,167 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 109,912 shares.The stock last traded at $84.4790 and had previously closed at $84.16.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The firm has a market capitalization of $841.22 million, a price-to-earnings ratio of 9.95 and a beta of 0.87. The stock’s fifty day moving average is $79.08 and its two-hundred day moving average is $75.27.

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 dividend of $1.109 per share. This is a boost 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 5.2%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

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