First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Shares Up 0.5% – Still a Buy?

Shares of First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) rose 0.5% on Tuesday . The company traded as high as $69.19 and last traded at $69.07. 4,426 shares changed hands during trading, a decline of 66% from the average session volume of 13,090 shares. The stock had previously closed at $68.71.

First Trust Eurozone AlphaDEX ETF Price Performance

The company has a market cap of $138.22 million, a price-to-earnings ratio of 11.07 and a beta of 0.87. The business has a fifty day simple moving average of $67.36 and a 200 day simple moving average of $66.41.

First Trust Eurozone AlphaDEX ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $1.0851 dividend. The ex-dividend date was Thursday, June 25th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 6.3%. This is a boost from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in shares of First Trust Eurozone AlphaDEX ETF by 52.4% in the first quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock valued at $58,359,000 after buying an additional 322,123 shares in the last quarter. &PARTNERS purchased a new stake in shares of First Trust Eurozone AlphaDEX ETF in the 4th quarter worth about $3,074,000. NewEdge Advisors LLC grew its stake in First Trust Eurozone AlphaDEX ETF by 3,241.4% in the 3rd quarter. NewEdge Advisors LLC now owns 36,455 shares of the company’s stock valued at $2,143,000 after acquiring an additional 35,364 shares during the last quarter. Susquehanna International Group LLP purchased a new position in First Trust Eurozone AlphaDEX ETF during the 3rd quarter valued at about $1,903,000. Finally, Jane Street Group LLC purchased a new position in First Trust Eurozone AlphaDEX ETF during the 4th quarter valued at about $1,613,000.

About First Trust Eurozone AlphaDEX ETF

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.