First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Down 0.5% – Should You Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU)’s share price was down 0.5% on Monday . The stock traded as low as $56.34 and last traded at $56.4240. 360 shares traded hands during trading, a decline of 98% from the average session volume of 20,282 shares. The stock had previously closed at $56.69.

First Trust United Kingdom AlphaDEX Fund Price Performance

The firm has a market capitalization of $39.50 million, a price-to-earnings ratio of 11.78 and a beta of 0.86. The business has a fifty day moving average price of $54.38 and a two-hundred day moving average price of $53.58.

First Trust United Kingdom 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 given a $1.0965 dividend. This is an increase from First Trust United Kingdom AlphaDEX Fund’s previous quarterly dividend of $0.16. This represents a $4.39 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in 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 acquiring an additional 32,353 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the second quarter worth $34,000. Raymond James Financial Inc. raised its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 11.6% during the third quarter. Raymond James Financial Inc. now owns 14,634 shares of the company’s stock worth $709,000 after purchasing an additional 1,522 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the third quarter worth $5,748,000. Finally, Susquehanna International Group LLP lifted its position in First Trust United Kingdom AlphaDEX Fund by 16.0% during the third quarter. Susquehanna International Group LLP now owns 9,426 shares of the company’s stock valued at $457,000 after purchasing an additional 1,302 shares during the period.

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.