First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Down 2% – Time to Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU)’s stock price was down 2% during mid-day trading on Thursday. The stock traded as low as $55.28 and last traded at $55.40. Approximately 2,360 shares were traded during trading, a decline of 85% from the average session volume of 15,284 shares. The stock had previously closed at $56.54.

First Trust United Kingdom AlphaDEX Fund Stock Down 1.4%

The stock’s 50-day moving average price is $54.87 and its 200 day moving average price is $54.05. The firm has a market cap of $35.43 million, a price-to-earnings ratio of 11.78 and a beta of 0.87.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.3619 per share. This is a negative change from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $1.0965. This represents a $1.45 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

A hedge fund recently bought a new position in First Trust United Kingdom AlphaDEX Fund stock. Genesee Capital Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,637 shares of the company’s stock, valued at approximately $629,000. Genesee Capital Advisors LLC owned approximately 1.79% of First Trust United Kingdom AlphaDEX Fund at the end of the most recent quarter.

About First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.