First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Hits New 1-Year High – Time to Buy?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $60.02 and last traded at $59.87, with a volume of 7537 shares. The stock had previously closed at $59.11.

First Trust Europe AlphaDEX Fund Stock Performance

The stock has a 50 day moving average of $56.96 and a two-hundred day moving average of $55.48. The firm has a market capitalization of $526.49 million, a P/E ratio of -90.14 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0762 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -265.15%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in First Trust Europe AlphaDEX Fund by 305.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock valued at $26,000 after purchasing an additional 357 shares in the last quarter. Western Wealth Management LLC acquired a new stake in First Trust Europe AlphaDEX Fund in the 1st quarter valued at about $26,000. NewEdge Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the second quarter worth about $51,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund during the fourth quarter valued at approximately $61,000. Finally, Rossby Financial LCC raised its position in First Trust Europe AlphaDEX Fund by 32.5% in the 3rd quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after purchasing an additional 308 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.