First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Down 2.7% – What’s Next?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU – Get Free Report) shares dropped 2.7% during trading on Friday . The company traded as low as $52.69 and last traded at $52.5850. Approximately 3,859 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 28,660 shares. The stock had previously closed at $54.05.

First Trust United Kingdom AlphaDEX Fund Price Performance

The stock has a market cap of $39.44 million, a PE ratio of 11.78 and a beta of 0.86. The business has a fifty day moving average of $52.87 and a 200 day moving average of $52.05.

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First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1569 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.63 dividend on an annualized basis and a yield of 1.2%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 52.5% in the 1st quarter. First Trust Advisors LP now owns 1,149,823 shares of the company’s stock worth $57,907,000 after purchasing an additional 395,709 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 10.9% in the 1st quarter. Cottonwood Capital Advisors LLC now owns 11,788 shares of the company’s stock worth $594,000 after purchasing an additional 1,158 shares during the last quarter. &PARTNERS bought a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $3,081,000. Jane Street Group LLC lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 82.5% in the 4th quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock worth $1,020,000 after purchasing an additional 9,054 shares during the last quarter. Finally, StoneX Group Inc. lifted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 12.5% in the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock worth $271,000 after purchasing an additional 591 shares during the last quarter.

About First Trust United Kingdom AlphaDEX Fund

(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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