First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Stock Price Down 2.3% – Time to Sell?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares traded down 2.3% during trading on Friday . The stock traded as low as $51.50 and last traded at $51.73. 11,438 shares changed hands during trading, a decline of 64% from the average session volume of 32,148 shares. The stock had previously closed at $52.97.

First Trust United Kingdom AlphaDEX Fund Price Performance

The company has a market cap of $38.80 million, a PE ratio of 11.78 and a beta of 0.87. The company has a 50-day moving average of $52.14 and a 200 day moving average of $51.47.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.1569 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.63 annualized dividend and a yield of 1.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FKU. NewEdge Advisors LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund in the second quarter worth about $34,000. Advisory Services Network LLC purchased a new position in First Trust United Kingdom AlphaDEX Fund in the third quarter worth about $62,000. Dunhill Financial LLC grew its position in First Trust United Kingdom AlphaDEX Fund by 220.1% in the fourth quarter. Dunhill Financial LLC now owns 3,089 shares of the company’s stock worth $169,000 after acquiring an additional 2,124 shares in the last quarter. StoneX Group Inc. grew its position in First Trust United Kingdom AlphaDEX Fund by 12.5% in the fourth quarter. StoneX Group Inc. now owns 5,331 shares of the company’s stock worth $271,000 after acquiring an additional 591 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC grew its position in First Trust United Kingdom AlphaDEX Fund by 19.1% in the third quarter. Walkner Condon Financial Advisors LLC now owns 5,602 shares of the company’s stock worth $272,000 after acquiring an additional 900 shares in the last quarter.

About First Trust United Kingdom AlphaDEX Fund

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.