First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Reaches New 52-Week High – Should You Buy?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $60.77 and last traded at $60.79, with a volume of 733 shares. The stock had previously closed at $60.59.

First Trust Europe AlphaDEX Fund Trading Up 0.4%

The company has a market cap of $541.48 million, a P/E ratio of -92.11 and a beta of 0.90. The business has a 50 day moving average price of $58.41 and a 200-day moving average price of $57.69.

First Trust Europe AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.7986 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. This represents a $3.19 dividend on an annualized basis and a yield of 5.3%. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -240.91%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in the company. Asset Allocation Strategies LLC increased its stake in shares of First Trust Europe AlphaDEX Fund by 12.4% during the 2nd quarter. Asset Allocation Strategies LLC now owns 4,150 shares of the company’s stock worth $237,000 after purchasing an additional 458 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at about $376,000. Roxbury Financial LLC lifted its stake in First Trust Europe AlphaDEX Fund by 80.2% in the 2nd quarter. Roxbury Financial LLC now owns 3,307 shares of the company’s stock valued at $189,000 after purchasing an additional 1,472 shares during 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. Finally, Bank of America Corp DE lifted its stake in First Trust Europe AlphaDEX Fund by 9.0% in the 1st quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock valued at $6,598,000 after purchasing an additional 9,965 shares during 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.