First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Stock Price Down 0.5% – Time to Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKUGet Free Report) shares dropped 0.5% on Monday . The stock traded as low as $56.34 and last traded at $56.4240. 360 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 20,282 shares. The stock had previously closed at $56.69.

First Trust United Kingdom AlphaDEX Fund Price Performance

The company has a market capitalization of $39.45 million, a P/E ratio of 11.78 and a beta of 0.86. The business’s 50-day moving average price is $54.45 and its two-hundred day moving average price is $53.59.

First Trust United Kingdom AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $1.0965 per share. This is a boost from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. This represents a $4.39 annualized dividend and a yield of 7.8%. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 211.6% in the 1st quarter. Jane Street Group LLC now owns 47,641 shares of the company’s stock valued at $1,907,000 after purchasing an additional 32,353 shares during the period. NewEdge Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter valued at approximately $34,000. Raymond James Financial Inc. boosted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 11.6% in the third quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock valued at $709,000 after buying an additional 1,522 shares during the period. Citadel Advisors LLC bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter worth $5,748,000. Finally, Susquehanna International Group LLP raised its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 16.0% during the third quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock worth $457,000 after acquiring an additional 1,302 shares during the period.

First Trust United Kingdom AlphaDEX Fund Company Profile

(Get Free Report)

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.

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