First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Price Down 0.4% – Should You Sell?

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) fell 0.4% during trading on Wednesday . The company traded as low as $94.21 and last traded at $94.73. 99,375 shares changed hands during trading, a decline of 22% from the average session volume of 127,009 shares. The stock had previously closed at $95.11.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Down 0.4%

The stock has a market cap of $1.33 billion, a PE ratio of 9.95 and a beta of 0.89. The firm has a fifty day moving average of $93.66 and a 200 day moving average of $93.70.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.7816 per share. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.13 dividend on an annualized basis and a yield of 3.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth about $1,110,000. NewEdge Advisors LLC boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 90.0% in the second quarter. NewEdge Advisors LLC now owns 44,963 shares of the company’s stock valued at $4,257,000 after purchasing an additional 21,295 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 6.6% in the second quarter. Tucker Asset Management LLC now owns 2,812 shares of the company’s stock valued at $266,000 after purchasing an additional 174 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $557,000. Finally, Coppell Advisory Solutions LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at approximately $25,000.

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.