First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Down 0.1% – Here’s What Happened

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s share price traded down 0.1% during trading on Monday . The company traded as low as $47.21 and last traded at $47.27. 26,258 shares traded 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 Stock Performance

The business has a 50 day moving average of $43.18 and a two-hundred day moving average of $40.04. The firm has a market capitalization of $281.26 million, a price-to-earnings ratio of -71.62 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Cuts Dividend

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

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its position in First Trust Europe AlphaDEX Fund by 43.5% in the 1st quarter. LPL Financial LLC now owns 350,310 shares of the company’s stock valued at $14,303,000 after purchasing an additional 106,165 shares during the period. Envestnet Asset Management Inc. raised its holdings 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 buying an additional 4,872 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the first quarter valued at $8,859,000. Cetera Investment Advisers grew its holdings in shares of First Trust Europe AlphaDEX Fund by 28.0% during the first quarter. Cetera Investment Advisers now owns 143,411 shares of the company’s stock valued at $5,856,000 after buying an additional 31,373 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of First Trust Europe AlphaDEX Fund by 18.3% during the fourth quarter. Assetmark Inc. now owns 107,122 shares of the company’s stock valued at $3,837,000 after buying an additional 16,534 shares during the last quarter.

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.