First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading 0.1% Higher – Here’s What Happened

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) were up 0.1% during trading on Thursday . The company traded as high as $59.87 and last traded at $59.68. 12,621 shares traded hands during trading, a decline of 61% from the average session volume of 32,247 shares. The stock had previously closed at $59.60.

First Trust Europe AlphaDEX Fund Trading Up 0.5%

The stock has a market cap of $533.64 million, a price-to-earnings ratio of -90.85 and a beta of 0.90. The firm’s 50-day moving average is $58.13 and its two-hundred day moving average is $57.44.

First Trust Europe AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.7986 per share. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 25th. This represents a $3.19 annualized dividend and a yield of 5.3%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -240.91%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of First Trust Europe AlphaDEX Fund by 305.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock worth $26,000 after purchasing an additional 357 shares in the last quarter. Western Wealth Management LLC purchased a new position in First Trust Europe AlphaDEX Fund in the 1st quarter valued at $26,000. NewEdge Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund in the 2nd quarter valued at $51,000. Flagship Harbor Advisors LLC acquired a new stake in First Trust Europe AlphaDEX Fund during the 4th quarter worth $61,000. Finally, Jones Financial Companies Lllp boosted its stake in First Trust Europe AlphaDEX Fund by 199.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock worth $74,000 after purchasing an additional 1,210 shares during the last quarter.

About First Trust Europe AlphaDEX Fund

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P’s AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.