First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Down 2.7% – Should You Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU)’s share price fell 2.7% on Friday . The stock traded as low as $52.69 and last traded at $52.5850. 3,859 shares were traded during trading, a decline of 87% from the average session volume of 28,660 shares. The stock had previously closed at $54.05.

First Trust United Kingdom AlphaDEX Fund Price Performance

The business’s 50 day simple moving average is $52.87 and its 200 day simple moving average is $52.05. The company has a market capitalization of $39.44 million, a PE ratio of 11.78 and a beta of 0.86.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FKU. First Trust Advisors LP grew its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 52.5% in the first quarter. First Trust Advisors LP now owns 1,149,823 shares of the company’s stock valued at $57,907,000 after purchasing an additional 395,709 shares in the last quarter. Cottonwood Capital Advisors LLC increased its holdings in First Trust United Kingdom AlphaDEX Fund by 10.9% during the 1st quarter. Cottonwood Capital Advisors LLC now owns 11,788 shares of the company’s stock worth $594,000 after purchasing an additional 1,158 shares during the period. &PARTNERS acquired a new stake in First Trust United Kingdom AlphaDEX Fund in the 4th quarter valued at about $3,081,000. Jane Street Group LLC boosted its stake in shares of First Trust United Kingdom AlphaDEX Fund by 82.5% in the 4th quarter. Jane Street Group LLC now owns 20,026 shares of the company’s stock valued at $1,020,000 after buying an additional 9,054 shares during the period. Finally, StoneX Group Inc. grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 12.5% during the fourth quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock worth $271,000 after buying an additional 591 shares in the last quarter.

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.