First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Trading Up 0.5% – Time to Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s stock price rose 0.5% during trading on Wednesday . The stock traded as high as $57.24 and last traded at $57.24. Approximately 24,725 shares changed hands during trading, a decline of 8% from the average daily volume of 26,763 shares. The stock had previously closed at $56.93.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The business’s fifty day moving average price is $56.73 and its two-hundred day moving average price is $56.13. The stock has a market capitalization of $420.14 million, a PE ratio of 7.34 and a beta of 0.96.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2465 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.99 annualized dividend and a yield of 1.72%.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FDT. International Assets Investment Management LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth about $53,000. Hilltop National Bank acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth about $80,000. GAMMA Investing LLC raised its position in First Trust Developed Markets ex-US AlphaDEX Fund by 11,333.3% during the second quarter. GAMMA Investing LLC now owns 1,715 shares of the company’s stock valued at $94,000 after acquiring an additional 1,700 shares in the last quarter. Private Client Services LLC acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the third quarter valued at approximately $218,000. Finally, TrueWealth Advisors LLC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter worth approximately $211,000.

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.