First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) Sees Strong Trading Volume – Should You Buy?

Shares of First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) saw unusually-high trading volume on Monday . Approximately 183,178 shares were traded during trading, an increase of 36% from the previous session’s volume of 135,132 shares.The stock last traded at $84.7520 and had previously closed at $84.62.

First Trust Developed Markets ex-US AlphaDEX Fund Stock Performance

The company has a market cap of $944.58 million, a price-to-earnings ratio of 9.95 and a beta of 0.87. The business’s 50 day moving average price is $90.12 and its 200-day moving average price is $82.24.

First Trust Developed Markets ex-US AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3264 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.5%.

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

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