First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Up 0.8%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares were up 0.8% on Thursday . The stock traded as high as $38.48 and last traded at $38.48. Approximately 4,599 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 20,348 shares. The stock had previously closed at $38.16.

First Trust Europe AlphaDEX Fund Stock Performance

The firm has a market capitalization of $217.41 million, a P/E ratio of -58.30 and a beta of 1.09. The stock has a 50 day moving average of $37.22 and a 200-day moving average of $35.67.

First Trust Europe AlphaDEX Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2853 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, March 21st. First Trust Europe AlphaDEX Fund’s payout ratio is currently -218.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FEP. AlphaMark Advisors LLC increased its position in shares of First Trust Europe AlphaDEX Fund by 37.2% during the third quarter. AlphaMark Advisors LLC now owns 1,290 shares of the company’s stock valued at $43,000 after buying an additional 350 shares during the period. Walker Asset Management LLC bought a new stake in First Trust Europe AlphaDEX Fund during the 4th quarter worth approximately $203,000. Strategic Blueprint LLC purchased a new stake in First Trust Europe AlphaDEX Fund in the 4th quarter worth approximately $212,000. Patriot Financial Group Insurance Agency LLC bought a new position in First Trust Europe AlphaDEX Fund in the 4th quarter valued at $231,000. Finally, IFG Advisory LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund during the 4th quarter valued at $239,000.

First Trust Europe AlphaDEX Fund Company Profile

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.