First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Up 1.3% – What’s Next?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares traded up 1.3% during trading on Thursday . The company traded as high as $39.59 and last traded at $39.59. 804 shares traded hands during trading, a decline of 93% from the average session volume of 12,225 shares. The stock had previously closed at $39.10.

First Trust United Kingdom AlphaDEX Fund Price Performance

The firm has a market cap of $75.73 million, a P/E ratio of 12.45 and a beta of 1.18. The company’s 50 day moving average is $40.34 and its two-hundred day moving average is $39.74.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2687 per share. This represents a $1.07 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FKU. Quantinno Capital Management LP boosted its holdings in First Trust United Kingdom AlphaDEX Fund by 15.5% during the third quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock valued at $460,000 after purchasing an additional 1,477 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter worth approximately $2,394,000. Finally, Rathbones Group PLC boosted its stake in First Trust United Kingdom AlphaDEX Fund by 18.1% in the 2nd quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock valued at $1,700,000 after buying an additional 6,823 shares in the last quarter.

First Trust United Kingdom AlphaDEX Fund Company Profile

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.