First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading Up 0.9% – Here’s Why

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) shares were up 0.9% on Thursday . The stock traded as high as $50.34 and last traded at $50.1750. 146 shares were traded during trading, a decline of 99% from the average daily volume of 19,966 shares. The stock had previously closed at $49.71.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

The business’s fifty day moving average is $48.60 and its 200-day moving average is $49.35. The firm has a market cap of $114.81 million, a PE ratio of 10.39 and a beta of 1.10.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1513 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%.

Hedge Funds Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% in the third quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock worth $1,725,000 after acquiring an additional 4,915 shares during the period. Rathbones Group PLC lifted its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% during the first quarter. Rathbones Group PLC now owns 42,208 shares of the company’s stock valued at $1,835,000 after purchasing an additional 5,339 shares during the period. RPg Family Wealth Advisory LLC boosted its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.2% in the second quarter. RPg Family Wealth Advisory LLC now owns 33,266 shares of the company’s stock worth $1,832,000 after purchasing an additional 14,170 shares during the last quarter. Risk Paradigm Group LLC grew its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.6% in the 2nd quarter. Risk Paradigm Group LLC now owns 31,790 shares of the company’s stock worth $1,751,000 after purchasing an additional 13,578 shares during the period. Finally, Jane Street Group LLC bought a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth approximately $850,000.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Company Profile

The First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that mostly invests in total market equity. The fund selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors. FPA was launched on Apr 18, 2011 and is managed by First Trust.