First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Large Volume Increase – Still a Buy?

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw strong trading volume on Tuesday. Approximately 115,725 shares were traded during trading, an increase of 300% from the previous session’s volume of 28,924 shares. The stock last traded at $57.0890 and had previously closed at $57.71.

First Trust Europe AlphaDEX Fund Price Performance

The firm has a 50-day moving average of $59.31 and a 200 day moving average of $58.04. The stock has a market capitalization of $507.69 million, a price-to-earnings ratio of -85.47 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.3254 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a drop from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.3%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -263.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FEP. First Trust Advisors LP boosted its position in shares of First Trust Europe AlphaDEX Fund by 52.5% during the 1st quarter. First Trust Advisors LP now owns 1,079,715 shares of the company’s stock worth $58,963,000 after acquiring an additional 371,900 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Europe AlphaDEX Fund by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 298,459 shares of the company’s stock worth $17,027,000 after buying an additional 9,002 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Europe AlphaDEX Fund by 2.4% in the first quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock valued at $11,170,000 after purchasing an additional 4,869 shares during the last quarter. Assetmark Inc. boosted its position in First Trust Europe AlphaDEX Fund by 6.7% during the 1st quarter. Assetmark Inc. now owns 123,126 shares of the company’s stock worth $6,724,000 after buying an additional 7,765 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of First Trust Europe AlphaDEX Fund by 9.0% during the first quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock worth $6,598,000 after purchasing an additional 9,965 shares during the period.

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.