First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Stock Price Up 0.5% – Still a Buy?

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) rose 0.5% during mid-day trading on Tuesday . The stock traded as high as $69.19 and last traded at $69.07. Approximately 4,426 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 13,090 shares. The stock had previously closed at $68.71.

First Trust Eurozone AlphaDEX ETF Stock Up 0.5%

The firm has a fifty day simple moving average of $67.35 and a 200-day simple moving average of $66.38. The company has a market cap of $138.14 million, a PE ratio of 11.07 and a beta of 0.87.

First Trust Eurozone AlphaDEX ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $1.0851 dividend. This represents a $4.34 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FEUZ. IFP Advisors Inc lifted its stake in First Trust Eurozone AlphaDEX ETF by 48.0% in the fourth quarter. IFP Advisors Inc now owns 604 shares of the company’s stock valued at $37,000 after buying an additional 196 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of First Trust Eurozone AlphaDEX ETF in the first quarter valued at approximately $46,000. NewEdge Advisors LLC purchased a new position in shares of First Trust Eurozone AlphaDEX ETF during the second quarter worth approximately $60,000. Advisory Services Network LLC purchased a new position in shares of First Trust Eurozone AlphaDEX ETF during the third quarter worth approximately $64,000. Finally, Montag A & Associates Inc. acquired a new position in shares of First Trust Eurozone AlphaDEX ETF in the 1st quarter valued at $200,000.

About First Trust Eurozone AlphaDEX ETF

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.