First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Stock Price Up 0.5% – Should You Buy?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price shot up 0.5% during trading on Monday . The stock traded as high as $39.67 and last traded at $39.44. 12,953 shares changed 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 Trading Up 0.5 %

The stock has a market capitalization of $203.10 million, a price-to-earnings ratio of -59.75 and a beta of 1.09. The firm 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 announced 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 presently -268.18%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEP. Raymond James Financial Inc. acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the fourth quarter valued at about $3,816,000. Citadel Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund in the fourth quarter valued at about $907,000. OneAscent Financial Services LLC acquired a new stake in First Trust Europe AlphaDEX Fund during the 4th quarter valued at approximately $728,000. Assetmark Inc. increased its holdings in First Trust Europe AlphaDEX Fund by 18.3% during the 4th quarter. Assetmark Inc. now owns 107,122 shares of the company’s stock worth $3,837,000 after purchasing an additional 16,534 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of First Trust Europe AlphaDEX Fund by 702.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,451 shares of the company’s stock valued at $641,000 after purchasing an additional 14,401 shares in the last quarter.

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.