First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Shares Down 2.7% – What’s Next?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was down 2.7% during mid-day trading on Friday . The stock traded as low as $52.69 and last traded at $52.5850. Approximately 3,859 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 28,660 shares. The stock had previously closed at $54.05.

First Trust United Kingdom AlphaDEX Fund Stock Performance

The firm has a market cap of $39.44 million, a P/E ratio of 11.78 and a beta of 0.86. The firm has a fifty day moving average of $52.87 and a 200-day moving average of $52.05.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1569 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.63 annualized dividend and a dividend yield of 1.2%.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several hedge funds have recently modified their holdings of FKU. Jane Street Group LLC increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 211.6% during the 1st quarter. Jane Street Group LLC now owns 47,641 shares of the company’s stock valued at $1,907,000 after purchasing an additional 32,353 shares during the period. NewEdge Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 2nd quarter valued at $34,000. First Trust Advisors LP increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 24.0% during the 3rd quarter. First Trust Advisors LP now owns 703,373 shares of the company’s stock valued at $34,091,000 after purchasing an additional 136,017 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust United Kingdom AlphaDEX Fund by 11.6% during the 3rd quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock valued at $709,000 after purchasing an additional 1,522 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust United Kingdom AlphaDEX Fund during the 3rd quarter valued at $5,748,000.

About First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.