First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Reaches New 52-Week High – Here’s Why

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) reached a new 52-week high on Tuesday . The company traded as high as $60.02 and last traded at $59.87, with a volume of 7537 shares. The stock had previously closed at $59.11.

First Trust Europe AlphaDEX Fund Stock Performance

The business has a 50 day moving average of $56.73 and a two-hundred day moving average of $55.35. The firm has a market capitalization of $526.58 million, a price-to-earnings ratio of -90.15 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0762 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 26th. First Trust Europe AlphaDEX Fund’s payout ratio is currently -265.15%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new stake in First Trust Europe AlphaDEX Fund during the 1st quarter worth approximately $26,000. Bank of America Corp DE increased its holdings in First Trust Europe AlphaDEX Fund by 9.0% during the 1st quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock worth $6,598,000 after purchasing an additional 9,965 shares in the last quarter. Royal Bank of Canada increased its holdings in First Trust Europe AlphaDEX Fund by 7.4% during the 1st quarter. Royal Bank of Canada now owns 18,472 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,271 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in First Trust Europe AlphaDEX Fund by 112.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 49,250 shares of the company’s stock worth $2,690,000 after purchasing an additional 26,096 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in First Trust Europe AlphaDEX Fund by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock worth $11,170,000 after purchasing an additional 4,869 shares in the last quarter.

First Trust Europe AlphaDEX Fund Company Profile

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.