First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Shares Down 0.9% – Should You Sell?

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) dropped 0.9% on Tuesday . The stock traded as low as $66.93 and last traded at $67.37. Approximately 10,282 shares traded hands during trading, a decline of 39% from the average session volume of 16,740 shares. The stock had previously closed at $67.95.

First Trust Eurozone AlphaDEX ETF Stock Down 0.9%

The company has a fifty day simple moving average of $67.69 and a 200-day simple moving average of $64.84. The firm has a market cap of $141.48 million, a P/E ratio of 11.07 and a beta of 0.86.

First Trust Eurozone AlphaDEX ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0137 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Eurozone AlphaDEX ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEUZ. First Trust Advisors LP raised its stake in First Trust Eurozone AlphaDEX ETF by 52.4% during the 1st quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock worth $58,359,000 after acquiring an additional 322,123 shares during the period. &PARTNERS bought a new position in shares of First Trust Eurozone AlphaDEX ETF in the fourth quarter worth approximately $3,074,000. Rathbones Group PLC boosted its position in shares of First Trust Eurozone AlphaDEX ETF by 91.8% in the third quarter. Rathbones Group PLC now owns 89,280 shares of the company’s stock worth $5,248,000 after purchasing an additional 42,739 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Eurozone AlphaDEX ETF by 3,241.4% in the third quarter. NewEdge Advisors LLC now owns 36,455 shares of the company’s stock worth $2,143,000 after purchasing an additional 35,364 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of First Trust Eurozone AlphaDEX ETF in the third quarter worth $1,903,000.

About First Trust Eurozone AlphaDEX ETF

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.