First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Up 1.3% – What’s Next?

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) shares shot up 1.3% during mid-day trading on Thursday . The stock traded as high as $39.59 and last traded at $39.59. 804 shares traded hands during trading, a decline of 93% from the average session volume of 12,225 shares. The stock had previously closed at $39.10.

First Trust United Kingdom AlphaDEX Fund Stock Performance

The company has a fifty day simple moving average of $40.39 and a two-hundred day simple moving average of $39.74. The company has a market capitalization of $75.22 million, a price-to-earnings ratio of 12.45 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.2687 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.07 annualized dividend and a dividend yield of 2.71%.

Institutional Investors Weigh In On First Trust United Kingdom AlphaDEX Fund

Several large investors have recently made changes to their positions in the business. Benjamin Edwards Inc. acquired a new stake in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter valued at approximately $2,394,000. Rathbones Group PLC grew its position in shares of First Trust United Kingdom AlphaDEX Fund by 18.1% during the second quarter. Rathbones Group PLC now owns 44,590 shares of the company’s stock worth $1,700,000 after buying an additional 6,823 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% in the third quarter. Quantinno Capital Management LP now owns 10,995 shares of the company’s stock worth $460,000 after buying an additional 1,477 shares during the last quarter.

First Trust United Kingdom AlphaDEX Fund Company Profile

The First Trust United Kingdom AlphaDEX Fund (FKU) is an exchange-traded fund that is based on the NASDAQ AlphaDEX United Kingdom index. The fund tracks a tiered equal-weighted index of 75 companies selected based on NASDAQs AlphaDEX selection methodology. FKU was launched on Feb 14, 2012 and is managed by First Trust.