FEP fund dropped 1.4% amid higher trading volume, with JPMorgan boosting its stake.

First Trust Europe AlphaDEX Fund (FEP) fell 1.4% to $50.63 on Monday, with trading volume up 42% above average. The fund, which tracks the NASDAQ AlphaDEX Europe index using a tiered equal-weighted approach, has a market cap of $346.82 million and a negative P/E ratio of -76.71. It recently paid a quarterly dividend of $0.1794, yielding 1.4% annually. JPMorgan Chase increased its stake by 48.5% in the second quarter. FEP’s price is slightly above its 50-day and 200-day moving averages.