First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Reaches New 1-Year High – Here’s What Happened

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.45 and last traded at $59.40, with a volume of 5686 shares traded. The stock had previously closed at $58.33.

First Trust Europe AlphaDEX Fund Trading Up 1.2%

The stock’s 50 day moving average is $56.19 and its 200-day moving average is $54.70. The company has a market cap of $523.12 million, a P/E ratio of -89.56 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0762 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, March 26th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is currently -265.15%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in First Trust Europe AlphaDEX Fund by 20.9% in the 3rd quarter. NewEdge Advisors LLC now owns 1,300 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares during the last quarter. Comerica Bank boosted its stake in First Trust Europe AlphaDEX Fund by 10.0% during the 3rd quarter. Comerica Bank now owns 2,756 shares of the company’s stock valued at $141,000 after purchasing an additional 251 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Europe AlphaDEX Fund by 7.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 4,145 shares of the company’s stock worth $212,000 after purchasing an additional 292 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of First Trust Europe AlphaDEX Fund by 2.7% in 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 in the last quarter. Finally, Rossby Financial LCC raised its stake in shares of First Trust Europe AlphaDEX Fund by 32.5% in the third quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after purchasing an additional 308 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.