First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Down 0.6% – Here’s Why

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) dropped 0.6% on Wednesday . The company traded as low as $37.17 and last traded at $37.18. 9,127 shares were traded during mid-day trading, a decline of 54% from the average session volume of 19,887 shares. The stock had previously closed at $37.41.

First Trust Europe AlphaDEX Fund Trading Down 0.6 %

The firm has a market capitalization of $191.48 million, a P/E ratio of -56.33 and a beta of 1.09. The stock has a 50 day simple moving average of $36.42 and a 200-day simple moving average of $37.42.

First Trust Europe AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2698 dividend. The ex-dividend date of this dividend was Friday, December 13th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is -268.18%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its holdings in First Trust Europe AlphaDEX Fund by 5.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,968 shares of the company’s stock valued at $551,000 after buying an additional 732 shares in the last quarter. AE Wealth Management LLC grew its stake in First Trust Europe AlphaDEX Fund by 13.6% in the second quarter. AE Wealth Management LLC now owns 39,591 shares of the company’s stock worth $1,457,000 after purchasing an additional 4,749 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of First Trust Europe AlphaDEX Fund by 7.0% during the second quarter. Gateway Wealth Partners LLC now owns 19,001 shares of the company’s stock valued at $699,000 after purchasing an additional 1,243 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund during the 2nd quarter worth approximately $304,000. Finally, Iams Wealth Management LLC grew its stake in shares of First Trust Europe AlphaDEX Fund by 17.5% during the third quarter. Iams Wealth Management LLC now owns 16,367 shares of the company’s stock worth $637,000 after acquiring an additional 2,440 shares during the last quarter.

First Trust Europe AlphaDEX Fund Company Profile

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P’s AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.