First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Volume Increase – Here’s What Happened

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw an uptick in trading volume on Tuesday . 205,736 shares changed hands during mid-day trading, an increase of 403% from the previous session’s volume of 40,901 shares.The stock last traded at $77.1250 and had previously closed at $76.51.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The company’s fifty day moving average is $76.04 and its 200-day moving average is $71.73. The company has a market capitalization of $685.15 million, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.4076 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at approximately $26,000. JPMorgan Chase & Co. lifted its stake 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 buying an additional 458 shares during the period. Topsail Wealth Management LLC purchased a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter worth $54,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second 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 during the second quarter worth about $100,000.

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.