First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Down 0.6% – Here’s What Happened

First Trust Europe AlphaDEX Fund (NASDAQ:FEP)’s share price fell 0.6% on Wednesday . The stock traded as low as $37.17 and last traded at $37.18. 9,127 shares traded hands 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 Price Performance

The company has a market capitalization of $191.48 million, a price-to-earnings ratio of -56.33 and a beta of 1.09. The company’s 50-day moving average price is $36.42 and its two-hundred day moving average price is $37.42.

First Trust Europe AlphaDEX Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its position in First Trust Europe AlphaDEX Fund by 9.1% during the third quarter. Great Valley Advisor Group Inc. now owns 6,442 shares of the company’s stock valued at $251,000 after buying an additional 536 shares during the period. Prospera Financial Services Inc boosted its stake in First Trust Europe AlphaDEX Fund by 10.7% in the third quarter. Prospera Financial Services Inc now owns 36,542 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,534 shares during the last quarter. Atria Investments Inc grew its position in shares of First Trust Europe AlphaDEX Fund by 8.7% during the 3rd quarter. Atria Investments Inc now owns 22,244 shares of the company’s stock valued at $866,000 after acquiring an additional 1,778 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of First Trust Europe AlphaDEX Fund by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,595 shares of the company’s stock worth $1,698,000 after purchasing an additional 880 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of First Trust Europe AlphaDEX Fund by 13.2% in the 3rd quarter. Assetmark Inc. now owns 90,588 shares of the company’s stock worth $3,527,000 after purchasing an additional 10,543 shares during the period.

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.