First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Down 1.2% – Here’s Why

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) shares traded down 1.2% on Wednesday. The company traded as low as $78.37 and last traded at $78.65. Approximately 28,494 shares traded hands during trading, an increase of 154% from the average daily volume of 11,223 shares. The stock had previously closed at $79.58.

First Trust Japan AlphaDEX Fund Stock Down 1.2%

The company’s 50 day moving average price is $77.44 and its 200-day moving average price is $76.23. The stock has a market cap of $271.34 million, a P/E ratio of 10.49 and a beta of 0.62.

Institutional Trading of First Trust Japan AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC bought a new stake in First Trust Japan AlphaDEX Fund in the second quarter worth approximately $27,000. Gateway Wealth Partners LLC lifted its stake in First Trust Japan AlphaDEX Fund by 99.1% in the first quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company’s stock valued at $2,741,000 after buying an additional 18,792 shares during the period. Concorde Asset Management LLC boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 87.1% during the 4th quarter. Concorde Asset Management LLC now owns 25,327 shares of the company’s stock worth $1,701,000 after buying an additional 11,788 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 54.9% during the 2nd quarter. Citadel Advisors LLC now owns 28,635 shares of the company’s stock worth $2,186,000 after buying an additional 10,144 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of First Trust Japan AlphaDEX Fund by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 224,636 shares of the company’s stock worth $17,145,000 after buying an additional 5,849 shares during the period.

First Trust Japan AlphaDEX Fund Company Profile

The First Trust Japan AlphaDEX Fund (FJP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Japan index. The fund tracks a tiered equal-weighted index of Japanese equities selected using both growth and value screens. FJP was launched on Apr 18, 2011 and is managed by First Trust.