First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 12-Month High – Here’s What Happened

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares reached a new 52-week high on Friday . The company traded as high as $94.96 and last traded at $94.7950, with a volume of 35000 shares traded. The stock had previously closed at $94.04.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 1.3%

The firm has a fifty day moving average of $85.41 and a 200-day moving average of $79.06. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $1.109 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.44 annualized dividend and a dividend yield of 4.7%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at about $26,000. JPMorgan Chase & Co. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after buying an additional 458 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock valued at $47,000 after buying an additional 408 shares during the last quarter. Topsail Wealth Management LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth $54,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth $64,000.

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.