First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP – Get Free Report) saw strong trading volume on Tuesday . 34,142 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 33,494 shares.The stock last traded at $57.5390 and had previously closed at $58.40.

First Trust Europe AlphaDEX Fund Trading Down 0.9%

The company has a market cap of $505.33 million, a PE ratio of -86.52 and a beta of 0.89. The stock has a 50 day moving average price of $58.51 and a 200 day moving average price of $56.56.

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First Trust Europe AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a $0.7986 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 5.6%. This is a positive change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, June 25th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is currently -265.15%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund in the 1st quarter worth about $26,000. Bank of America Corp DE increased its stake in shares of First Trust Europe AlphaDEX Fund by 9.0% in the 1st quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock worth $6,598,000 after acquiring an additional 9,965 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust Europe AlphaDEX Fund by 7.4% during the 1st quarter. Royal Bank of Canada now owns 18,472 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,271 shares during the period. Gateway Wealth Partners LLC lifted its position in First Trust Europe AlphaDEX Fund by 112.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 49,250 shares of the company’s stock valued at $2,690,000 after acquiring an additional 26,096 shares during the period. Finally, Cetera Investment Advisers boosted its stake in First Trust Europe AlphaDEX Fund by 2.4% during the first quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock worth $11,170,000 after acquiring an additional 4,869 shares in the last quarter.

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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