First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Down 0.6% – Should You Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEPGet Free Report)’s stock price dropped 0.6% on Thursday . The company traded as low as $57.55 and last traded at $57.75. Approximately 12,344 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 33,941 shares. The stock had previously closed at $58.09.

First Trust Europe AlphaDEX Fund Stock Down 0.2%

The firm’s 50 day moving average is $58.27 and its 200-day moving average is $57.06. The firm has a market cap of $513.08 million, a PE ratio of -87.35 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.7986 per share. This represents a $3.19 annualized dividend and a dividend yield of 5.5%. This is a positive change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 25th. First Trust Europe AlphaDEX Fund’s payout ratio is -240.91%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 4th quarter valued at $576,000. D.A. Davidson & CO. increased its holdings in shares of First Trust Europe AlphaDEX Fund by 3.6% during the 4th quarter. D.A. Davidson & CO. now owns 10,930 shares of the company’s stock worth $588,000 after buying an additional 382 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of First Trust Europe AlphaDEX Fund by 8.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,421 shares of the company’s stock worth $399,000 after buying an additional 552 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 3.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,268 shares of the company’s stock worth $606,000 after buying an additional 391 shares during the period. Finally, Dunhill Financial LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 276.9% in the 4th quarter. Dunhill Financial LLC now owns 18,629 shares of the company’s stock worth $1,006,000 after buying an additional 13,686 shares during the period.

First Trust Europe AlphaDEX Fund Company Profile

(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.

Further Reading

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