First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Trading Up 0.5% – Still a Buy?

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ)’s share price was up 0.5% during mid-day trading on Tuesday . The stock traded as high as $69.19 and last traded at $69.07. Approximately 4,426 shares changed hands during trading, a decline of 66% from the average session volume of 13,090 shares. The stock had previously closed at $68.71.

First Trust Eurozone AlphaDEX ETF Price Performance

The company has a market capitalization of $138.14 million, a price-to-earnings ratio of 11.07 and a beta of 0.87. The business’s 50 day simple moving average is $67.35 and its 200 day simple moving average is $66.38.

First Trust Eurozone AlphaDEX ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $1.0851 per share. This is an increase from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $0.01. This represents a $4.34 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Eurozone AlphaDEX ETF

Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in First Trust Eurozone AlphaDEX ETF by 52.4% in the 1st quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock valued at $58,359,000 after buying an additional 322,123 shares during the last quarter. &PARTNERS purchased a new position in First Trust Eurozone AlphaDEX ETF during the 4th quarter worth $3,074,000. NewEdge Advisors LLC raised its position in First Trust Eurozone AlphaDEX ETF by 3,241.4% during the 3rd quarter. NewEdge Advisors LLC now owns 36,455 shares of the company’s stock worth $2,143,000 after buying an additional 35,364 shares during the last quarter. Susquehanna International Group LLP purchased a new position in First Trust Eurozone AlphaDEX ETF during the 3rd quarter worth $1,903,000. Finally, Jane Street Group LLC acquired a new stake in shares of First Trust Eurozone AlphaDEX ETF in the 4th quarter worth $1,613,000.

First Trust Eurozone AlphaDEX ETF Company Profile

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.