First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Down 2.3% – Should You Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares fell 2.3% on Friday . The company traded as low as $51.50 and last traded at $51.73. 11,438 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 32,148 shares. The stock had previously closed at $52.97.

First Trust United Kingdom AlphaDEX Fund Stock Performance

The stock has a 50 day moving average of $52.14 and a two-hundred day moving average of $51.47. The stock has a market cap of $38.80 million, a PE ratio of 11.78 and a beta of 0.87.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1569 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.63 dividend on an annualized basis and a yield of 1.2%.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cottonwood Capital Advisors LLC grew its stake in First Trust United Kingdom AlphaDEX Fund by 2.7% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 10,630 shares of the company’s stock valued at $541,000 after acquiring an additional 278 shares in the last quarter. StoneX Group Inc. grew its stake in First Trust United Kingdom AlphaDEX Fund by 12.5% during the 4th quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock valued at $271,000 after acquiring an additional 591 shares in the last quarter. NewEdge Advisors LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at about $34,000. Walkner Condon Financial Advisors LLC grew its stake in First Trust United Kingdom AlphaDEX Fund by 19.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company’s stock valued at $272,000 after acquiring an additional 900 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter valued at about $62,000.

First Trust United Kingdom AlphaDEX Fund Company Profile

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.