First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Reaches New 12-Month High After Dividend Announcement

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT)’s share price reached a new 52-week high on Thursday after the company announced a dividend. The stock traded as high as $80.50 and last traded at $80.4150, with a volume of 11976 shares traded. The stock had previously closed at $80.15.

The newly announced dividend which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $1.109 per share. The ex-dividend date is Friday, December 12th. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. This represents a $4.44 annualized dividend and a dividend yield of 5.6%.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The business has a 50 day moving average of $76.99 and a 200 day moving average of $73.08. The firm has a market capitalization of $700.00 million, a price-to-earnings ratio of 9.95 and a beta of 0.87.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at $26,000. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after purchasing an additional 458 shares in the last quarter. Topsail Wealth Management LLC acquired a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 3rd quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth approximately $64,000. Finally, Hilltop National Bank bought a new stake in First Trust Developed Markets ex-US AlphaDEX Fund during the 2nd quarter worth approximately $100,000.

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.