First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 1-Year High – What’s Next?

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) hit a new 52-week high on Monday . The stock traded as high as $90.84 and last traded at $90.97, with a volume of 8842 shares trading hands. The stock had previously closed at $87.63.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The stock has a 50-day moving average price of $82.54 and a 200-day moving average price of $77.49. The company has a market capitalization of $979.19 million, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $1.109 per share. This represents a $4.44 annualized dividend and a yield of 4.8%. The ex-dividend date 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.

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

Large investors have recently modified their holdings of the company. UBS Group AG lifted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% in the fourth quarter. UBS Group AG now owns 284,768 shares of the company’s stock valued at $22,624,000 after buying an additional 59,574 shares during the period. Sage Private Wealth Group LLC lifted its stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.7% in the 4th quarter. Sage Private Wealth Group LLC now owns 179,043 shares of the company’s stock valued at $14,224,000 after purchasing an additional 9,729 shares during the period. SMI Advisory Services LLC acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at about $13,842,000. Assetmark Inc. boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 0.3% during the 4th quarter. Assetmark Inc. now owns 153,132 shares of the company’s stock valued at $12,166,000 after purchasing an additional 434 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 16.4% during the fourth quarter. Benjamin Edwards Inc. now owns 142,768 shares of the company’s stock worth $11,345,000 after purchasing an additional 20,140 shares during the period.

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.