First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Stock Price Down 0.4% – Time to Sell?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s share price dropped 0.4% during trading on Wednesday . The company traded as low as $94.21 and last traded at $94.73. Approximately 99,375 shares traded hands during trading, a decline of 22% from the average daily volume of 127,009 shares. The stock had previously closed at $95.11.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Down 1.4%

The business has a fifty day moving average of $93.76 and a 200 day moving average of $93.69. The firm has a market cap of $1.35 billion, a P/E ratio of 9.95 and a beta of 0.89.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.7816 dividend. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.13 dividend on an annualized basis and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth $1,110,000. NewEdge Advisors LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 90.0% in the 2nd quarter. NewEdge Advisors LLC now owns 44,963 shares of the company’s stock valued at $4,257,000 after buying an additional 21,295 shares during the period. Tucker Asset Management LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 6.6% in the 2nd quarter. Tucker Asset Management LLC now owns 2,812 shares of the company’s stock valued at $266,000 after buying an additional 174 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at $557,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at $25,000.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.