First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Hits New 12-Month High – Here’s What Happened

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) reached a new 52-week high on Thursday . The company traded as high as $97.47 and last traded at $97.16, with a volume of 188364 shares. The stock had previously closed at $95.78.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.95 and a beta of 0.87. The firm has a fifty day simple moving average of $86.47 and a 200 day simple moving average of $79.56.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $1.109 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.44 dividend on an annualized basis and a yield of 4.6%. This is an increase from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.41.

Hedge Funds Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 3.4% in the fourth quarter. Morgan Stanley now owns 1,107,012 shares of the company’s stock valued at $87,948,000 after purchasing an additional 36,023 shares during the period. LPL Financial LLC lifted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 12.3% in the 4th quarter. LPL Financial LLC now owns 844,377 shares of the company’s stock valued at $67,083,000 after buying an additional 92,554 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 10.0% in the 4th quarter. Wells Fargo & Company MN now owns 418,051 shares of the company’s stock worth $33,213,000 after buying an additional 37,903 shares during the last quarter. UBS Group AG increased its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 26.5% during the 4th quarter. UBS Group AG now owns 284,768 shares of the company’s stock worth $22,624,000 after buying an additional 59,574 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 268,826 shares of the company’s stock valued at $21,357,000 after acquiring an additional 7,106 shares during the last quarter.

First Trust Developed Markets ex-US AlphaDEX Fund Company Profile

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.