First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Plans Dividend Increase – $0.54 Per Share

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) announced a quarterly dividend on Wednesday, March 25th. Investors of record on Thursday, March 26th will be given a dividend of 0.5445 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, March 26th. This is a 92.0% increase from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28.

First Trust Switzerland AlphaDEX Fund Stock Performance

NASDAQ:FSZ opened at $78.39 on Thursday. The company has a market cap of $43.11 million, a PE ratio of 21.38 and a beta of 0.84. First Trust Switzerland AlphaDEX Fund has a twelve month low of $61.24 and a twelve month high of $86.44. The company’s 50 day moving average is $82.74 and its two-hundred day moving average is $79.71.

Institutional Investors Weigh In On First Trust Switzerland AlphaDEX Fund

A number of large investors have recently made changes to their positions in FSZ. Advisory Services Network LLC purchased a new position in First Trust Switzerland AlphaDEX Fund in the 3rd quarter worth $59,000. Royal Bank of Canada increased its holdings in shares of First Trust Switzerland AlphaDEX Fund by 35.3% in the fourth quarter. Royal Bank of Canada now owns 959 shares of the company’s stock valued at $77,000 after purchasing an additional 250 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of First Trust Switzerland AlphaDEX Fund in the fourth quarter worth about $161,000. StoneX Group Inc. acquired a new stake in shares of First Trust Switzerland AlphaDEX Fund during the second quarter worth about $223,000. Finally, Hyposwiss Advisors SA purchased a new stake in First Trust Switzerland AlphaDEX Fund in the fourth quarter valued at approximately $234,000.

About First Trust Switzerland AlphaDEX Fund

The First Trust Switzerland AlphaDEX Fund (FSZ) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Switzerland index. The fund tracks a tiered, equal-weighted index of 40 Swiss companies selected from the NASDAQ Switzerland Index. It aims to outperform the broader market using a quant-based methodology. FSZ was launched on Feb 14, 2012 and is managed by First Trust.