First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 52-Week High – Time to Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) reached a new 52-week high during trading on Monday . The company traded as high as $90.84 and last traded at $90.97, with a volume of 8842 shares traded. The stock had previously closed at $87.63.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Up 0.4%

The company has a fifty day moving average price of $83.11 and a two-hundred day moving average price of $77.79. The firm has a market cap of $987.76 million, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $1.109 dividend. This represents a $4.44 annualized dividend and a dividend yield of 4.8%. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 35.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,162 shares of the company’s stock worth $410,000 after purchasing an additional 1,363 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.9% during the fourth quarter. Prospera Financial Services Inc now owns 51,480 shares of the company’s stock worth $4,090,000 after buying an additional 1,914 shares during the period. Empirical Asset Management LLC grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 57.2% during the fourth quarter. Empirical Asset Management LLC now owns 18,742 shares of the company’s stock worth $1,489,000 after buying an additional 6,819 shares in the last quarter. Ignite Planners LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund in the 4th quarter valued at approximately $235,000. Finally, IFP Advisors Inc lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 5.6% in the 4th quarter. IFP Advisors Inc now owns 42,138 shares of the company’s stock valued at $3,348,000 after acquiring an additional 2,237 shares in the last quarter.

About First Trust Developed Markets ex-US AlphaDEX Fund

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.