First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sets New 52-Week High – Still a Buy?

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) reached a new 52-week high during trading on Monday . The stock traded as high as $81.12 and last traded at $81.23, with a volume of 10340 shares traded. The stock had previously closed at $80.42.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company has a market capitalization of $813.79 million, a price-to-earnings ratio of 9.95 and a beta of 0.87. The company has a fifty day simple moving average of $78.34 and a two-hundred day simple moving average of $74.69.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $1.109 per share. This represents a $4.44 annualized dividend and a yield of 5.4%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RIA Advisory Group LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter worth about $233,000. Centaurus Financial Inc. grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 11.5% in the third quarter. Centaurus Financial Inc. now owns 1,938 shares of the company’s stock valued at $146,000 after purchasing an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 305.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,799 shares of the company’s stock worth $286,000 after purchasing an additional 2,861 shares during the last quarter. Allie Family Office LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $2,262,000. Finally, Equitable Holdings Inc. purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $466,000.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.