First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 52-Week High – Here’s Why

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.71 and last traded at $99.61, with a volume of 118026 shares. The stock had previously closed at $99.23.

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

The firm has a market cap of $1.25 billion, a P/E ratio of 9.95 and a beta of 0.85. The firm’s fifty day moving average is $91.14 and its two-hundred day moving average is $85.91.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.3264 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.31 annualized dividend and a yield of 1.3%.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% in the fourth quarter. Morgan Stanley now owns 1,107,012 shares of the company’s stock valued at $87,948,000 after acquiring an additional 36,023 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% in the fourth quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock valued at $67,083,000 after acquiring an additional 92,554 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% in the fourth quarter. Wells Fargo & Company MN now owns 418,051 shares of the company’s stock valued at $33,213,000 after acquiring an additional 37,903 shares in the last quarter. UBS Group AG boosted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% during the 4th quarter. UBS Group AG now owns 284,768 shares of the company’s stock valued at $22,624,000 after buying an additional 59,574 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 283,400 shares of the company’s stock worth $24,636,000 after buying an additional 14,574 shares during the period.

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.