First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Break Below 200 Day Moving Average – Here’s What Happened

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $57.70 and traded as low as $57.10. First Trust Europe AlphaDEX Fund shares last traded at $57.5990, with a volume of 12,939 shares trading hands.

First Trust Europe AlphaDEX Fund Trading Down 0.8%

The company has a 50-day moving average of $57.38 and a 200-day moving average of $57.70. The firm has a market capitalization of $487.26 million, a P/E ratio of -86.35 and a beta of 0.91.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.3254 dividend. This represents a $1.30 annualized dividend and a yield of 2.3%. This is a drop from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. The ex-dividend date was Thursday, September 24th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -263.64%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund in the first quarter worth $26,000. Parallel Advisors LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund during the first quarter valued at about $130,000. Fifth Third Bancorp purchased a new stake in shares of First Trust Europe AlphaDEX Fund during the 1st quarter worth approximately $144,000. Tucker Asset Management LLC increased its holdings in shares of First Trust Europe AlphaDEX Fund by 16.3% in the 2nd quarter. Tucker Asset Management LLC now owns 3,231 shares of the company’s stock worth $184,000 after buying an additional 453 shares during the last quarter. Finally, Roxbury Financial LLC increased its position in First Trust Europe AlphaDEX Fund by 80.2% during the second quarter. Roxbury Financial LLC now owns 3,307 shares of the company’s stock valued at $189,000 after acquiring an additional 1,472 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.