First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Down 2.3% – Should You Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU)’s stock price traded down 2.3% during mid-day trading on Friday . The company traded as low as $51.50 and last traded at $51.73. 11,438 shares were traded during trading, a decline of 64% from the average session volume of 32,148 shares. The stock had previously closed at $52.97.

First Trust United Kingdom AlphaDEX Fund Price Performance

The business has a fifty day moving average of $52.14 and a 200-day moving average of $51.47. The stock has a market capitalization of $38.80 million, a price-to-earnings ratio of 11.78 and a beta of 0.87.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1569 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in First Trust United Kingdom AlphaDEX Fund by 52.5% in the 1st quarter. First Trust Advisors LP now owns 1,149,823 shares of the company’s stock worth $57,907,000 after purchasing an additional 395,709 shares in the last quarter. Citadel Advisors LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund in the 3rd quarter worth about $5,748,000. &PARTNERS purchased a new position in First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth about $3,081,000. Jane Street Group LLC increased its stake in First Trust United Kingdom AlphaDEX Fund by 8.1% in the 2nd quarter. Jane Street Group LLC now owns 51,499 shares of the company’s stock worth $2,415,000 after purchasing an additional 3,858 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in First Trust United Kingdom AlphaDEX Fund by 11.6% in the 3rd quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock worth $709,000 after purchasing an additional 1,522 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Company Profile

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.