First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Down 0% – Here’s What Happened

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) dropped 0% on Tuesday . The company traded as low as $58.63 and last traded at $58.7210. 15,086 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 29,189 shares. The stock had previously closed at $58.73.

First Trust Europe AlphaDEX Fund Stock Down 0.0%

The stock’s 50-day moving average price is $59.17 and its 200-day moving average price is $57.90. The company has a market capitalization of $473.29 million, a price-to-earnings ratio of -88.97 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.7986 dividend. This is a boost from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 25th. This represents a $3.19 annualized dividend and a yield of 5.4%. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -240.91%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Independent Financial Group LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the 1st quarter valued at $432,000. Sanctuary Advisors LLC lifted its stake in shares of First Trust Europe AlphaDEX Fund by 2.7% during the first quarter. Sanctuary Advisors LLC now owns 11,573 shares of the company’s stock valued at $632,000 after acquiring an additional 305 shares during the period. BlueChip Wealth Advisors LLC lifted its stake in shares of First Trust Europe AlphaDEX Fund by 15.4% during the first quarter. BlueChip Wealth Advisors LLC now owns 5,082 shares of the company’s stock valued at $278,000 after acquiring an additional 677 shares during the period. HBW Advisory Services LLC boosted its holdings in First Trust Europe AlphaDEX Fund by 4.0% in the first quarter. HBW Advisory Services LLC now owns 10,708 shares of the company’s stock valued at $585,000 after acquiring an additional 410 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in First Trust Europe AlphaDEX Fund in the first quarter valued at about $144,000.

First Trust Europe AlphaDEX Fund Company Profile

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.