First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Breaks Below Two Hundred Day Moving Average – Time to Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $57.70 and traded as low as $57.10. First Trust Europe AlphaDEX Fund shares last traded at $57.5990, with a volume of 12,939 shares.

First Trust Europe AlphaDEX Fund Price Performance

The stock has a 50 day simple moving average of $57.42 and a two-hundred day simple moving average of $57.70. The company has a market capitalization of $492.47 million, a price-to-earnings ratio of -87.27 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.3254 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.3%. This is a decrease from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. The ex-dividend date was Thursday, September 24th. First Trust Europe AlphaDEX Fund’s payout ratio is presently -263.64%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Large investors have recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the third quarter valued at approximately $865,000. Signature Equity Partners LLC increased its holdings in shares of First Trust Europe AlphaDEX Fund by 1,599.1% in the 3rd quarter. Signature Equity Partners LLC now owns 5,386 shares of the company’s stock valued at $304,000 after acquiring an additional 5,069 shares during the period. Mainsail Financial Group LLC increased its holdings in shares of First Trust Europe AlphaDEX Fund by 3.1% in the 3rd quarter. Mainsail Financial Group LLC now owns 47,024 shares of the company’s stock valued at $2,653,000 after acquiring an additional 1,415 shares during the period. Rhodes Investment Advisors Inc. ADV acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at $285,000. Finally, Roxbury Financial LLC raised its position in First Trust Europe AlphaDEX Fund by 8.0% in the 3rd quarter. Roxbury Financial LLC now owns 3,571 shares of the company’s stock valued at $201,000 after purchasing an additional 264 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.