First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw an uptick in trading volume on Wednesday . 302,331 shares were traded during trading, an increase of 142% from the previous session’s volume of 125,139 shares.The stock last traded at $87.60 and had previously closed at $88.96.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The company has a 50 day moving average of $94.80 and a 200-day moving average of $92.43. The company has a market cap of $1.28 billion, a P/E ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.7816 dividend. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $3.13 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SMI Advisory Services LLC raised its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.4% during the 2nd quarter. SMI Advisory Services LLC now owns 208,908 shares of the company’s stock valued at $19,739,000 after buying an additional 4,923 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 38.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 40,596 shares of the company’s stock valued at $3,843,000 after acquiring an additional 11,218 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at $647,000. Noble Wealth Management PBC purchased a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter valued at about $76,000. Finally, Pine Valley Investments Ltd Liability Co raised its position in First Trust Developed Markets ex-US AlphaDEX Fund by 6.9% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 12,867 shares of the company’s stock valued at $1,119,000 after purchasing an additional 827 shares in 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.