First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading 0.2% Higher

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) rose 0.2% during trading on Monday . The stock traded as high as $39.00 and last traded at $38.89. Approximately 6,500 shares traded hands during trading, a decline of 65% from the average daily volume of 18,647 shares. The stock had previously closed at $38.81.

First Trust Europe AlphaDEX Fund Stock Down 2.4 %

The company has a market cap of $208.73 million, a price-to-earnings ratio of -57.50 and a beta of 1.09. The stock’s 50-day simple moving average is $37.76 and its 200 day simple moving average is $37.72.

First Trust Europe AlphaDEX Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.92 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.68 annualized dividend and a dividend yield of 9.70%. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -227.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new position in First Trust Europe AlphaDEX Fund during the 2nd quarter worth $33,000. Great Valley Advisor Group Inc. acquired a new position in shares of First Trust Europe AlphaDEX Fund during the second quarter worth about $217,000. IFG Advisory LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund during the second quarter worth approximately $228,000. RFG Advisory LLC increased its stake in shares of First Trust Europe AlphaDEX Fund by 11.2% during the second quarter. RFG Advisory LLC now owns 6,499 shares of the company’s stock worth $239,000 after buying an additional 654 shares during the period. Finally, Treasure Coast Financial Planning purchased a new position in First Trust Europe AlphaDEX Fund in the first quarter worth approximately $249,000.

About First Trust Europe AlphaDEX Fund

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P’s AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.