First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Shares Down 1% – Here’s Why

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) fell 1% during trading on Tuesday . The stock traded as low as $75.52 and last traded at $75.56. 47,601 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 40,635 shares. The stock had previously closed at $76.36.

First Trust Developed Markets ex-US AlphaDEX Fund Trading Down 1.0%

The company has a market cap of $671.73 million, a price-to-earnings ratio of 9.95 and a beta of 0.96. The company’s 50 day moving average price is $73.75 and its 200 day moving average price is $67.37.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.4076 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 25th.

Institutional Trading of First Trust Developed Markets ex-US AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Silver Oak Securities Incorporated grew its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.3% during the second quarter. Silver Oak Securities Incorporated now owns 15,661 shares of the company’s stock worth $1,077,000 after buying an additional 196 shares in the last quarter. MML Investors Services LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.2% in the second quarter. MML Investors Services LLC now owns 16,617 shares of the company’s stock worth $1,143,000 after acquiring an additional 196 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.2% in the first quarter. Arkadios Wealth Advisors now owns 9,675 shares of the company’s stock worth $564,000 after acquiring an additional 212 shares during the last quarter. Comerica Bank boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 1.6% in the first quarter. Comerica Bank now owns 15,156 shares of the company’s stock worth $883,000 after acquiring an additional 239 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 5.2% in the first quarter. Apollon Wealth Management LLC now owns 5,605 shares of the company’s stock worth $327,000 after acquiring an additional 276 shares during the last quarter.

About First Trust Developed Markets ex-US AlphaDEX Fund

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX DM Ex-US index. The fund tracks an index of international, developed-market stocks, selected by growth and value factors and equal-weighted in tiers. FDT was launched on Apr 18, 2011 and is managed by First Trust.