First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU) Stock Price Up 0.5% – Here’s What Happened

First Trust United Kingdom AlphaDEX Fund (NASDAQ:FKU)’s stock price shot up 0.5% during mid-day trading on Monday . The stock traded as high as $41.26 and last traded at $40.86. 1,088 shares traded hands during trading, a decline of 91% from the average session volume of 11,855 shares. The stock had previously closed at $40.66.

First Trust United Kingdom AlphaDEX Fund Price Performance

The firm has a 50-day moving average of $38.92 and a 200-day moving average of $39.81. The stock has a market cap of $61.29 million, a PE ratio of 13.35 and a beta of 1.22.

First Trust United Kingdom AlphaDEX Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.6439 per share. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust United Kingdom AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FKU. Benjamin Edwards Inc. purchased a new position in First Trust United Kingdom AlphaDEX Fund during the 3rd quarter valued at approximately $2,394,000. Citadel Advisors LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $2,033,000. Raymond James Financial Inc. purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $601,000. Jane Street Group LLC purchased a new position in shares of First Trust United Kingdom AlphaDEX Fund in the 4th quarter worth approximately $582,000. Finally, Rathbones Group PLC boosted its holdings in shares of First Trust United Kingdom AlphaDEX Fund by 2.8% in the 4th quarter. Rathbones Group PLC now owns 59,264 shares of the company’s stock worth $2,257,000 after purchasing an additional 1,622 shares during the period.

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.