First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Down 0.6% – Here’s Why

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was down 0.6% during trading on Thursday . The company traded as low as $57.55 and last traded at $57.75. Approximately 12,344 shares traded hands during trading, a decline of 64% from the average session volume of 33,941 shares. The stock had previously closed at $58.09.

First Trust Europe AlphaDEX Fund Stock Performance

The company has a market cap of $513.98 million, a PE ratio of -87.50 and a beta of 0.90. The company has a 50 day simple moving average of $58.30 and a two-hundred day simple moving average of $57.05.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.7986 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. This represents a $3.19 dividend on an annualized basis and a yield of 5.5%. First Trust Europe AlphaDEX Fund’s payout ratio is presently -240.91%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of First Trust Europe AlphaDEX Fund by 305.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock valued at $26,000 after buying an additional 357 shares during the period. Western Wealth Management LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund during the 1st quarter valued at $26,000. NewEdge Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the second quarter worth $51,000. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the fourth quarter worth $61,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of First Trust Europe AlphaDEX Fund by 199.0% during the first quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock worth $74,000 after acquiring an additional 1,210 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.