First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Stock Price Up 1.7% – Time to Buy?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU – Get Free Report)’s share price shot up 1.7% during mid-day trading on Thursday. The company traded as high as $54.72 and last traded at $54.71. 1,573 shares were traded during trading, a decline of 90% from the average session volume of 16,207 shares. The stock had previously closed at $53.78.

First Trust United Kingdom AlphaDEX Fund Stock Up 1.7%

The stock’s 50 day moving average is $55.47 and its 200-day moving average is $54.19. The company has a market cap of $35.56 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 Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.3619 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $1.0965.

Institutional Trading of First Trust United Kingdom AlphaDEX Fund

A hedge fund recently raised its position in First Trust United Kingdom AlphaDEX Fund stock. Cottonwood Capital Advisors LLC grew its holdings in shares of First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU – Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,788 shares of the company’s stock after buying an additional 1,158 shares during the quarter. Cottonwood Capital Advisors LLC owned 1.31% of First Trust United Kingdom AlphaDEX Fund worth $594,000 at the end of the most recent reporting period.

About First Trust United Kingdom AlphaDEX Fund

(Get Free Report)

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.

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