First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Down 0% – Should You Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s share price was down 0% during mid-day trading on Tuesday . The stock traded as low as $58.63 and last traded at $58.7210. 15,086 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 29,189 shares. The stock had previously closed at $58.73.

First Trust Europe AlphaDEX Fund Stock Performance

The business’s 50 day moving average price is $59.17 and its 200-day moving average price is $57.90. The company has a market cap of $473.29 million, a price-to-earnings ratio of -88.97 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.7986 dividend. This represents a $3.19 annualized dividend and a yield of 5.4%. This is a boost from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 25th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is currently -240.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FEP. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Europe AlphaDEX Fund during the second quarter valued at $198,000. IFP Advisors Inc boosted its stake in shares of First Trust Europe AlphaDEX Fund by 3.4% in the 2nd quarter. IFP Advisors Inc now owns 41,236 shares of the company’s stock valued at $2,353,000 after purchasing an additional 1,367 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of First Trust Europe AlphaDEX Fund by 4.3% in the 2nd quarter. Baird Financial Group Inc. now owns 23,505 shares of the company’s stock worth $1,341,000 after purchasing an additional 961 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 17.7% in the 2nd quarter. Citadel Advisors LLC now owns 47,652 shares of the company’s stock worth $2,719,000 after purchasing an additional 7,165 shares during the last quarter. Finally, Tucker Asset Management LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 16.3% in the 2nd quarter. Tucker Asset Management LLC now owns 3,231 shares of the company’s stock worth $184,000 after purchasing an additional 453 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.