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

First Trust Developed Markets ex-US AlphaDEX Fund (NASDAQ:FDT) shares saw strong trading volume on Wednesday . 302,331 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 125,139 shares.The stock last traded at $87.60 and had previously closed at $88.96.

First Trust Developed Markets ex-US AlphaDEX Fund Price Performance

The company’s fifty day simple moving average is $95.10 and its 200-day simple moving average is $92.34. The firm has a market capitalization of $1.24 billion, a PE ratio of 9.95 and a beta of 0.87.

First Trust Developed Markets ex-US AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.7816 per share. This is a positive change from First Trust Developed Markets ex-US AlphaDEX Fund’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, June 25th. This represents a $3.13 annualized dividend and a yield of 3.6%.

Institutional Investors Weigh In On First Trust Developed Markets ex-US AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SMI Advisory Services LLC boosted its holdings in First Trust Developed Markets ex-US AlphaDEX Fund by 2.4% in the second quarter. SMI Advisory Services LLC now owns 208,908 shares of the company’s stock worth $19,739,000 after acquiring an additional 4,923 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of First Trust Developed Markets ex-US AlphaDEX Fund by 38.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 40,596 shares of the company’s stock valued at $3,843,000 after acquiring an additional 11,218 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at approximately $647,000. Noble Wealth Management PBC purchased a new position in shares of First Trust Developed Markets ex-US AlphaDEX Fund in the 2nd quarter valued at approximately $76,000. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in First Trust Developed Markets ex-US AlphaDEX Fund by 6.9% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 12,867 shares of the company’s stock worth $1,119,000 after purchasing an additional 827 shares in 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.