First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Reaches New 52-Week High – Should You Buy?

First Trust Europe AlphaDEX Fund (NASDAQ:FEPGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $60.77 and last traded at $60.79, with a volume of 733 shares changing hands. The stock had previously closed at $60.59.

First Trust Europe AlphaDEX Fund Price Performance

The stock’s 50-day moving average price is $58.41 and its 200 day moving average price is $57.69. The firm has a market cap of $541.48 million, a P/E ratio of -92.11 and a beta of 0.90.

First Trust Europe 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 paid a $0.7986 dividend. This represents a $3.19 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -240.91%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in shares of First Trust Europe AlphaDEX Fund by 199.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock valued at $74,000 after acquiring an additional 1,210 shares in the last quarter. Jane Street Group LLC raised its holdings in First Trust Europe AlphaDEX Fund by 165.4% during the first quarter. Jane Street Group LLC now owns 39,786 shares of the company’s stock worth $1,624,000 after acquiring an additional 24,794 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Trust Europe AlphaDEX Fund by 48.5% during the second quarter. JPMorgan Chase & Co. now owns 1,930 shares of the company’s stock worth $92,000 after acquiring an additional 630 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Europe AlphaDEX Fund by 1,296.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,853 shares of the company’s stock valued at $184,000 after purchasing an additional 3,577 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund during the second quarter valued at approximately $51,000.

About First Trust Europe AlphaDEX Fund

(Get Free Report)

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.

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