First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 52-Week High – Should You Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $84.88 and last traded at $84.87, with a volume of 16049 shares changing hands. The stock had previously closed at $84.70.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company’s 50-day moving average price is $79.54 and its 200-day moving average price is $75.65. The firm has a market capitalization of $866.30 million, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $1.109 per share. The ex-dividend date was Friday, December 12th. This represents a $4.44 annualized dividend and a dividend yield of 5.2%. This is a boost 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

Several hedge funds and other institutional investors have recently bought and sold shares of FDT. Cullen Frost Bankers Inc. purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at $26,000. JPMorgan Chase & Co. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the second quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock worth $40,000 after purchasing an additional 458 shares in the last quarter. Topsail Wealth Management LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth about $54,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at about $64,000. Finally, Hilltop National Bank acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at about $100,000.

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.