First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Up 0.5% – Here’s What Happened

Shares of First Trust Europe AlphaDEX Fund (NASDAQ:FEP) traded up 0.5% during trading on Monday . The stock traded as high as $39.67 and last traded at $39.44. 12,953 shares traded hands during trading, a decline of 51% from the average session volume of 26,496 shares. The stock had previously closed at $39.25.

First Trust Europe AlphaDEX Fund Stock Up 0.5 %

The firm has a market capitalization of $203.10 million, a price-to-earnings ratio of -59.75 and a beta of 1.09. The stock has a 50 day moving average of $37.13 and a 200 day moving average of $37.55.

First Trust Europe AlphaDEX Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued 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 Trading of First Trust Europe AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FEP. Synergy Investment Management LLC bought a new position in First Trust Europe AlphaDEX Fund in the 4th quarter worth about $86,000. Tucker Asset Management LLC boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 63.3% in the fourth quarter. Tucker Asset Management LLC now owns 2,467 shares of the company’s stock valued at $88,000 after acquiring an additional 956 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 76.6% in the third quarter. JPMorgan Chase & Co. now owns 2,307 shares of the company’s stock valued at $90,000 after acquiring an additional 1,001 shares in the last quarter. Principal Securities Inc. increased its stake in shares of First Trust Europe AlphaDEX Fund by 22.4% during the fourth quarter. Principal Securities Inc. now owns 2,875 shares of the company’s stock valued at $103,000 after acquiring an additional 527 shares during the period. Finally, Pitti Group Wealth Management LLC bought a new stake in First Trust Europe AlphaDEX Fund during the fourth quarter worth approximately $204,000.

About First Trust Europe AlphaDEX Fund

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.