First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 1-Year High – Here’s Why

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

First Trust Developed Markets ex-US AlphaDEX Fund Trading 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 firm has a 50 day moving average of $78.65 and a two-hundred day moving average of $74.99.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of FDT. Sage Private Wealth Group LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth approximately $12,761,000. Benjamin Edwards Inc. lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 197.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 106,772 shares of the company’s stock worth $7,342,000 after purchasing an additional 70,929 shares during the period. Greenup Street Wealth Management LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth $3,807,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $3,360,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $2,928,000.

About First Trust Developed Markets ex-US AlphaDEX Fund

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.