First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares saw strong trading volume on Tuesday. 51,331 shares were traded during trading, an increase of 63% from the previous session’s volume of 31,464 shares. The stock last traded at $55.97 and had previously closed at $55.90.

First Trust Europe AlphaDEX Fund Stock Performance

The company has a market cap of $504.76 million, a PE ratio of -84.98 and a beta of 0.90. The firm’s 50 day moving average is $59.20 and its 200-day moving average is $58.08.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.3254 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.3%. This is a decrease from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. The ex-dividend date of this dividend was Thursday, September 24th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -263.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Roxbury Financial LLC increased its position in First Trust Europe AlphaDEX Fund by 8.0% during the third quarter. Roxbury Financial LLC now owns 3,571 shares of the company’s stock worth $201,000 after purchasing an additional 264 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Europe AlphaDEX Fund by 6.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,318 shares of the company’s stock valued at $360,000 after buying an additional 400 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Europe AlphaDEX Fund by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 298,459 shares of the company’s stock worth $17,027,000 after buying an additional 9,002 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 2nd quarter worth approximately $198,000. Finally, IFP Advisors Inc raised its position in shares of First Trust Europe AlphaDEX Fund by 3.4% during the 2nd quarter. IFP Advisors Inc now owns 41,236 shares of the company’s stock valued at $2,353,000 after buying an additional 1,367 shares during the period.

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.