First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sets New 12-Month High – Still a Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $83.47 and last traded at $83.54, with a volume of 3723 shares trading hands. The stock had previously closed at $81.98.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.9%

The stock has a market capitalization of $833.32 million, a PE ratio of 9.95 and a beta of 0.87. The business’s fifty day moving average is $78.65 and its 200-day moving average is $74.99.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $1.109 dividend. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.44 annualized dividend and a dividend yield of 5.3%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter worth about $26,000. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 458 shares during the period. Topsail Wealth Management LLC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at approximately $64,000. Finally, Hilltop National Bank purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth approximately $100,000.

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.