First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sets New 1-Year High – Here’s Why

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s share price reached a new 52-week high on Friday . The stock traded as high as $80.38 and last traded at $79.36, with a volume of 6356 shares changing hands. The stock had previously closed at $78.73.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 1.1%

The company has a market cap of $707.60 million, a price-to-earnings ratio of 9.95 and a beta of 0.87. The company has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $72.46.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.4076 per share. This represents a $1.63 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, September 25th.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Chicago Partners Investment Group LLC acquired a new stake in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the first quarter valued at approximately $228,000. Raymond James Financial Inc. lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 17.3% in the 1st quarter. Raymond James Financial Inc. now owns 273,070 shares of the company’s stock valued at $15,906,000 after buying an additional 40,279 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 1st quarter valued at $1,089,000. Comerica Bank increased its position in First Trust Developed Markets ex-US AlphaDEX Fund by 1.6% during the first quarter. Comerica Bank now owns 15,156 shares of the company’s stock worth $883,000 after buying an additional 239 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 24,464.6% in the first quarter. Jones Financial Companies Lllp now owns 91,626 shares of the company’s stock worth $5,337,000 after acquiring an additional 91,253 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.