First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.07 and traded as low as $36.44. First Trust Europe AlphaDEX Fund shares last traded at $36.56, with a volume of 14,270 shares traded.

First Trust Europe AlphaDEX Fund Trading Up 0.6 %

The stock’s 50-day simple moving average is $37.90 and its 200-day simple moving average is $38.07. The stock has a market cap of $197.42 million, a price-to-earnings ratio of -55.39 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2959 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.18 dividend on an annualized basis and a yield of 3.24%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -257.58%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Europe AlphaDEX Fund during the second quarter worth about $33,000. Walker Asset Management LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund during the 3rd quarter worth approximately $203,000. Pinnacle Family Advisors LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 3rd quarter worth approximately $209,000. Pine Valley Investments Ltd Liability Co bought a new position in First Trust Europe AlphaDEX Fund in the third quarter valued at approximately $209,000. Finally, HighTower Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund during the third quarter valued at approximately $210,000.

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.