First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Trading Up 1.3% - Here's What Happened

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

First Trust United Kingdom AlphaDEX Fund Price Performance

The business's fifty day moving average price is $40.34 and its 200-day moving average price is $39.74. The stock has a market capitalization of $75.73 million, a PE ratio of 12.45 and a beta of 1.18.

First Trust United Kingdom AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2687 dividend. This represents a $1.07 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP raised its position in shares of First Trust United Kingdom AlphaDEX Fund by 15.5% during the 3rd quarter. Quantinno Capital Management LP now owns 10,995 shares of the company's stock valued at $460,000 after buying an additional 1,477 shares in the last quarter. Rathbones Group PLC lifted its stake in 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 purchasing an additional 6,823 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in First Trust United Kingdom AlphaDEX Fund during the third quarter worth about $2,394,000.

About First Trust United Kingdom AlphaDEX Fund

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.