First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Up 1.7% – Should You Buy?

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) were up 1.7% during trading on Thursday . The company traded as high as $37.88 and last traded at $37.83. Approximately 11,317 shares traded hands during trading, a decline of 34% from the average daily volume of 17,083 shares. The stock had previously closed at $37.18.

First Trust Europe AlphaDEX Fund Price Performance

The company has a market capitalization of $201.12 million, a price-to-earnings ratio of -56.43 and a beta of 1.09. The stock has a 50 day simple moving average of $38.15 and a two-hundred day simple moving average of $38.12.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2959 per share. This represents a $1.18 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, September 26th. First Trust Europe AlphaDEX Fund’s payout ratio is -257.58%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IFG Advisory LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the second quarter worth about $228,000. Patriot Financial Group Insurance Agency LLC lifted its stake in First Trust Europe AlphaDEX Fund by 6.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,191 shares of the company’s stock valued at $302,000 after buying an additional 508 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the second quarter valued at approximately $262,000. Atria Wealth Solutions Inc. grew its position in shares of First Trust Europe AlphaDEX Fund by 2.2% during the second quarter. Atria Wealth Solutions Inc. now owns 23,731 shares of the company’s stock worth $874,000 after acquiring an additional 521 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of First Trust Europe AlphaDEX Fund by 1.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 25,892 shares of the company’s stock valued at $953,000 after acquiring an additional 305 shares during the period.

About First Trust Europe AlphaDEX Fund

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.