First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 12-Month High – Should You Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDTGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $100.72 and last traded at $100.72, with a volume of 6683 shares traded. The stock had previously closed at $97.07.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.24 billion, a PE ratio of 9.95 and a beta of 0.85. The company’s 50-day moving average is $92.72 and its 200 day moving average is $87.37.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.3264 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a yield of 1.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 458 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 223.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 591 shares of the company’s stock worth $47,000 after purchasing an additional 408 shares in the last quarter. Topsail Wealth Management LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter valued at $54,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter valued at $64,000.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

(Get Free Report)

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.

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