First Trust Europe AlphaDEX Fund (NASDAQ:FEP) to Issue Quarterly Dividend of $0.80

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.7986 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Thursday, June 25th. This is a 948.0% increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08.

First Trust Europe AlphaDEX Fund Price Performance

Shares of First Trust Europe AlphaDEX Fund stock opened at $57.10 on Thursday. The stock’s 50-day moving average is $58.51 and its 200 day moving average is $56.56. First Trust Europe AlphaDEX Fund has a one year low of $46.87 and a one year high of $60.77. The firm has a market cap of $505.33 million, a price-to-earnings ratio of -86.52 and a beta of 0.89.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FEP. First Trust Advisors LP acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 4th quarter worth approximately $38,048,000. Citadel Advisors LLC acquired a new stake in First Trust Europe AlphaDEX Fund in the third quarter worth $3,366,000. &PARTNERS increased its stake in First Trust Europe AlphaDEX Fund by 398.2% in the fourth quarter. &PARTNERS now owns 72,684 shares of the company’s stock valued at $3,907,000 after purchasing an additional 58,096 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Europe AlphaDEX Fund by 9.0% during the fourth quarter. LPL Financial LLC now owns 508,290 shares of the company’s stock valued at $27,323,000 after purchasing an additional 41,941 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of First Trust Europe AlphaDEX Fund by 125.7% during the 2nd quarter. Bank of America Corp DE now owns 71,126 shares of the company’s stock worth $3,400,000 after purchasing an additional 39,606 shares in the last quarter.

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.