First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Down 0.1% – Should You Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s share price fell 0.1% on Monday . The stock traded as low as $47.21 and last traded at $47.27. 26,258 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 25,981 shares. The stock had previously closed at $47.32.

First Trust Europe AlphaDEX Fund Price Performance

The stock has a market capitalization of $281.26 million, a price-to-earnings ratio of -71.62 and a beta of 0.98. The company’s 50-day simple moving average is $43.18 and its 200-day simple moving average is $40.04.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1115 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.45 annualized dividend and a yield of 0.94%. First Trust Europe AlphaDEX Fund’s payout ratio is currently -242.42%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of First Trust Europe AlphaDEX Fund by 43.5% during the first quarter. LPL Financial LLC now owns 350,310 shares of the company’s stock worth $14,303,000 after buying an additional 106,165 shares in the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Europe AlphaDEX Fund by 1.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 308,361 shares of the company’s stock worth $11,044,000 after acquiring an additional 4,872 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Europe AlphaDEX Fund during the first quarter worth about $8,859,000. Cetera Investment Advisers raised its stake in First Trust Europe AlphaDEX Fund by 28.0% in the 1st quarter. Cetera Investment Advisers now owns 143,411 shares of the company’s stock worth $5,856,000 after purchasing an additional 31,373 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in First Trust Europe AlphaDEX Fund by 18.3% in the 4th quarter. Assetmark Inc. now owns 107,122 shares of the company’s stock valued at $3,837,000 after purchasing an additional 16,534 shares during the period.

First Trust Europe AlphaDEX Fund Company Profile

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.