First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading 1.4% Higher – What’s Next?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) was up 1.4% during trading on Monday . The stock traded as high as $44.74 and last traded at $44.74. Approximately 1,099 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 8,534 shares. The stock had previously closed at $44.12.

First Trust United Kingdom AlphaDEX Fund Stock Performance

The stock has a market capitalization of $58.17 million, a PE ratio of 14.33 and a beta of 1.00. The stock has a 50-day moving average price of $41.08 and a two-hundred day moving average price of $39.92.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.1648 dividend. This represents a $0.66 annualized dividend and a yield of 1.47%. The ex-dividend date was Thursday, March 27th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP boosted its stake in First Trust United Kingdom AlphaDEX Fund by 9.6% during the fourth quarter. Quantinno Capital Management LP now owns 12,050 shares of the company’s stock valued at $459,000 after buying an additional 1,055 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Trust United Kingdom AlphaDEX Fund in the fourth quarter worth about $582,000. Raymond James Financial Inc. purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund during the fourth quarter worth approximately $601,000. OLD Mission Capital LLC purchased a new stake in shares of First Trust United Kingdom AlphaDEX Fund in the 1st quarter worth $1,906,000. Finally, Citadel Advisors LLC purchased a new stake in First Trust United Kingdom AlphaDEX Fund in the fourth quarter worth about $2,033,000.

First Trust United Kingdom AlphaDEX Fund Company Profile

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.