First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Large Volume Increase – Still a Buy?

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares saw unusually-high trading volume on Thursday . Approximately 132,167 shares traded hands during trading, an increase of 20% from the previous session’s volume of 109,912 shares.The stock last traded at $84.4790 and had previously closed at $84.16.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Up 0.4%

The company has a market cap of $841.92 million, a P/E ratio of 9.95 and a beta of 0.87. The business has a 50-day moving average price of $79.40 and a two-hundred day moving average price of $75.44.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $1.109 dividend. This is a boost from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.44 annualized dividend and a dividend yield of 5.2%.

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

A number of institutional investors and hedge funds have recently modified their holdings of FDT. Cullen Frost Bankers Inc. acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 352.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 588 shares of the company’s stock valued at $40,000 after buying an additional 458 shares in the last quarter. Topsail Wealth Management LLC bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the third quarter worth about $54,000. Northwestern Mutual Wealth Management Co. bought a new position in First Trust Developed Markets ex-US AlphaDEX Fund during the second quarter worth about $64,000. Finally, Hilltop National Bank acquired a new position in First Trust Developed Markets ex-US AlphaDEX Fund in the second quarter valued at about $100,000.

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.