First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Shares Down 0.6% – Should You Sell?

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) shares were down 0.6% during mid-day trading on Monday . The stock traded as low as $62.92 and last traded at $63.19. 1,533 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 12,239 shares. The stock had previously closed at $63.58.

First Trust Germany AlphaDEX Fund Stock Down 0.9%

The business’s 50-day simple moving average is $63.43 and its 200 day simple moving average is $64.29. The firm has a market capitalization of $97.04 million, a P/E ratio of 13.97 and a beta of 0.95.

First Trust Germany AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.8422 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.37 dividend on an annualized basis and a dividend yield of 5.4%.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FGM. Jane Street Group LLC lifted its stake in First Trust Germany AlphaDEX Fund by 238.1% in the first quarter. Jane Street Group LLC now owns 52,451 shares of the company’s stock worth $2,408,000 after purchasing an additional 36,938 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of First Trust Germany AlphaDEX Fund by 38,572.7% in the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock worth $240,000 after buying an additional 4,243 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Germany AlphaDEX Fund in the 2nd quarter valued at about $626,000. Osaic Holdings Inc. bought a new stake in shares of First Trust Germany AlphaDEX Fund in the 2nd quarter valued at about $332,000. Finally, Arlington Capital Management Inc. purchased a new stake in First Trust Germany AlphaDEX Fund during the 3rd quarter valued at about $3,043,000.

First Trust Germany AlphaDEX Fund Company Profile

The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.