First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Volume Increase – Time to Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares saw unusually-high trading volume on Monday . Approximately 183,178 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 135,132 shares.The stock last traded at $84.7520 and had previously closed at $84.62.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 1.2%

The company has a market cap of $893.79 million, a price-to-earnings ratio of 9.95 and a beta of 0.87. The firm’s 50-day moving average price is $90.09 and its 200 day moving average price is $82.10.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.3264 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 26th.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% during the 4th quarter. Morgan Stanley now owns 1,107,012 shares of the company’s stock worth $87,948,000 after buying an additional 36,023 shares during the period. LPL Financial LLC grew its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% in the fourth quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock valued at $67,083,000 after acquiring an additional 92,554 shares during the period. Wells Fargo & Company MN increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% during the fourth quarter. Wells Fargo & Company MN now owns 418,051 shares of the company’s stock valued at $33,213,000 after acquiring an additional 37,903 shares in the last quarter. UBS Group AG increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% during the fourth quarter. UBS Group AG now owns 284,768 shares of the company’s stock valued at $22,624,000 after acquiring an additional 59,574 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 268,826 shares of the company’s stock worth $21,357,000 after purchasing an additional 7,106 shares during the period.

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.