First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Climb 1.7% – What’s Next?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares rose 1.7% during trading on Thursday. The stock traded as high as $54.72 and last traded at $54.71. 1,573 shares changed hands during trading, a decline of 90% from the average session volume of 16,207 shares. The stock had previously closed at $53.78.

First Trust United Kingdom AlphaDEX Fund Price Performance

The stock has a 50-day moving average price of $55.47 and a two-hundred day moving average price of $54.19. The stock has a market cap of $35.56 million, a PE ratio of 11.78 and a beta of 0.86.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.3619 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $1.0965.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

An institutional investor recently raised its position in First Trust United Kingdom AlphaDEX Fund stock. Cottonwood Capital Advisors LLC grew its position in shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) by 10.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,788 shares of the company’s stock after acquiring an additional 1,158 shares during the quarter. Cottonwood Capital Advisors LLC owned about 1.31% of First Trust United Kingdom AlphaDEX Fund worth $594,000 at the end of the most recent reporting period.

About First Trust United Kingdom AlphaDEX Fund

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.