First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Down 1.4% – What’s Next?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price dropped 1.4% on Monday . The stock traded as low as $50.42 and last traded at $50.63. Approximately 46,241 shares traded hands during trading, an increase of 42% from the average daily volume of 32,537 shares. The stock had previously closed at $51.36.

First Trust Europe AlphaDEX Fund Stock Up 0.0%

The firm has a 50-day moving average of $50.95 and a 200 day moving average of $48.88. The stock has a market capitalization of $342.80 million, a P/E ratio of -75.82 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1794 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.72 annualized dividend and a yield of 1.4%. First Trust Europe AlphaDEX Fund’s payout ratio is currently -228.79%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Large investors have recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of First Trust Europe AlphaDEX Fund by 43.5% during the first quarter. LPL Financial LLC now owns 350,310 shares of the company’s stock worth $14,303,000 after purchasing an additional 106,165 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the third quarter valued at approximately $3,366,000. Guild Investment Management Inc. bought a new position in First Trust Europe AlphaDEX Fund in the 1st quarter worth approximately $2,372,000. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Europe AlphaDEX Fund by 22.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 266,756 shares of the company’s stock worth $12,764,000 after buying an additional 49,790 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in First Trust Europe AlphaDEX Fund by 4,334.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 45,674 shares of the company’s stock valued at $2,183,000 after buying an additional 44,644 shares during the last quarter.

First Trust Europe AlphaDEX Fund Company Profile

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.