First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 52-Week High – Still a Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $97.47 and last traded at $97.16, with a volume of 188364 shares. The stock had previously closed at $95.78.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.2%

The firm has a market cap of $1.04 billion, a P/E ratio of 9.95 and a beta of 0.87. The company’s fifty day moving average price is $87.22 and its two-hundred day moving average price is $79.86.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $1.109 dividend. This represents a $4.44 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FDT. NewEdge Advisors LLC lifted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 100.5% during the 4th quarter. NewEdge Advisors LLC now owns 12,895 shares of the company’s stock worth $1,024,000 after buying an additional 6,464 shares in the last quarter. Crusonia Wealth Advisors LLC bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter worth approximately $5,034,000. Pacific Excel Wealth Advisors Inc. acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 4th quarter worth $812,000. Maia Wealth LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at $180,000. Finally, Cetera Investment Advisers raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 268,826 shares of the company’s stock worth $21,357,000 after acquiring an additional 7,106 shares during the last quarter.

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.