First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Strong Trading Volume – Time to Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw an uptick in trading volume on Monday . 33,307 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 42,826 shares.The stock last traded at $78.3750 and had previously closed at $78.67.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.0%

The firm has a 50 day moving average price of $76.35 and a 200 day moving average price of $72.38. The stock has a market cap of $694.31 million, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund during the 3rd quarter valued at $26,000. JPMorgan Chase & Co. raised its holdings in 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 valued at $40,000 after acquiring an additional 458 shares during the period. Topsail Wealth Management LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at about $54,000. Northwestern Mutual Wealth Management Co. purchased 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 bought a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter worth 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.