First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Up 1.7% – Here’s Why

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s share price was up 1.7% on Thursday . The company traded as high as $37.88 and last traded at $37.83. Approximately 11,317 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 17,083 shares. The stock had previously closed at $37.18.

First Trust Europe AlphaDEX Fund Stock Up 1.7 %

The firm has a market cap of $204.28 million, a price-to-earnings ratio of -57.32 and a beta of 1.09. The business’s 50-day simple moving average is $38.19 and its two-hundred day simple moving average is $38.12.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.2959 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.18 dividend on an annualized basis and a yield of 3.13%. First Trust Europe AlphaDEX Fund’s dividend payout ratio is currently -257.58%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust Europe AlphaDEX Fund by 13.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 25,587 shares of the company’s stock valued at $962,000 after purchasing an additional 2,985 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in First Trust Europe AlphaDEX Fund during the 1st quarter worth approximately $2,838,000. Cetera Investment Advisers raised its holdings in shares of First Trust Europe AlphaDEX Fund by 69.5% during the first quarter. Cetera Investment Advisers now owns 115,097 shares of the company’s stock valued at $4,325,000 after acquiring an additional 47,211 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of First Trust Europe AlphaDEX Fund by 185.2% in the first quarter. Cetera Advisors LLC now owns 38,086 shares of the company’s stock valued at $1,431,000 after acquiring an additional 24,733 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of First Trust Europe AlphaDEX Fund by 3.7% in the second quarter. Park Avenue Securities LLC now owns 15,489 shares of the company’s stock valued at $570,000 after acquiring an additional 547 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.