First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 12-Month High – Time to Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s stock price hit a new 52-week high on Monday . The company traded as high as $90.84 and last traded at $90.97, with a volume of 8842 shares traded. The stock had previously closed at $87.63.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 1.8%

The firm has a market cap of $979.19 million, a price-to-earnings ratio of 9.95 and a beta of 0.87. The firm’s 50-day moving average is $82.54 and its 200-day moving average is $77.49.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $1.109 per share. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. This represents a $4.44 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FDT. Cullen Frost Bankers Inc. bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at about $26,000. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 458 shares in the last quarter. Topsail Wealth Management LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at approximately $64,000. Finally, Centaurus Financial Inc. grew its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 11.5% during the third quarter. Centaurus Financial Inc. now owns 1,938 shares of the company’s stock worth $146,000 after buying an additional 200 shares in the last quarter.

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.