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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.72 and last traded at $100.72, with a volume of 6683 shares. The stock had previously closed at $97.07.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 3.5%

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 9.95 and a beta of 0.85. The firm has a 50-day moving average price of $92.24 and a 200 day moving average price of $87.03.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3264 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.31 annualized dividend and a dividend yield of 1.3%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 118.3% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 6,038 shares of the company’s stock worth $525,000 after acquiring an additional 3,272 shares in the last quarter. Western Wealth Management LLC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter valued at approximately $91,000. NewEdge Advisors LLC boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 31.4% during the 1st quarter. NewEdge Advisors LLC now owns 16,942 shares of the company’s stock valued at $1,473,000 after purchasing an additional 4,047 shares during the period. Centaurus Financial Inc. boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 30.2% during the 1st quarter. Centaurus Financial Inc. now owns 1,943 shares of the company’s stock valued at $169,000 after purchasing an additional 451 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in First Trust Developed Markets ex-US AlphaDEX Fund by 28.9% during the 1st quarter. Arkadios Wealth Advisors now owns 11,212 shares of the company’s stock valued at $975,000 after purchasing an additional 2,512 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.