First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Trading Up 0.7% – What’s Next?

First Trust Germany AlphaDEX Fund (NASDAQ:FGM)’s stock price rose 0.7% during trading on Tuesday . The stock traded as high as $64.72 and last traded at $64.7310. Approximately 372 shares changed hands during trading, a decline of 97% from the average session volume of 11,326 shares. The stock had previously closed at $64.27.

First Trust Germany AlphaDEX Fund Price Performance

The company’s 50-day moving average price is $63.36 and its two-hundred day moving average price is $63.77. The company has a market capitalization of $100.33 million, a price-to-earnings ratio of 13.97 and a beta of 0.95.

First Trust Germany AlphaDEX Fund Announces Dividend

The business 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 annualized dividend and a dividend yield of 5.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FGM. Advisory Services Network LLC purchased a new position in First Trust Germany AlphaDEX Fund in the 3rd quarter valued at approximately $57,000. Transamerica Financial Advisors LLC lifted its position in First Trust Germany AlphaDEX Fund by 38,572.7% during the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock valued at $240,000 after purchasing an additional 4,243 shares during the last quarter. Cetera Investment Advisers purchased a new position in First Trust Germany AlphaDEX Fund in the first quarter worth $280,000. StoneX Group Inc. increased its position in shares of First Trust Germany AlphaDEX Fund by 10.5% during the 4th quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock valued at $305,000 after purchasing an additional 465 shares during the last quarter. Finally, Osaic Holdings Inc. purchased a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter worth approximately $332,000.

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.