First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Stock Price Up 0.4% – Still a Buy?

Shares of First Trust Germany AlphaDEX Fund (NASDAQ:FGM) rose 0.4% during mid-day trading on Monday . The stock traded as high as $64.69 and last traded at $64.4250. Approximately 4,243 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 18,781 shares. The stock had previously closed at $64.18.

First Trust Germany AlphaDEX Fund Stock Performance

The stock has a market cap of $116.24 million, a price-to-earnings ratio of 13.97 and a beta of 0.95. The company has a 50-day moving average of $62.99 and a 200-day moving average of $63.25.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC increased its position in First Trust Germany AlphaDEX Fund by 0.5% in the 4th quarter. Kestra Advisory Services LLC now owns 54,475 shares of the company’s stock valued at $3,397,000 after acquiring an additional 269 shares during the period. StoneX Group Inc. increased its position in First Trust Germany AlphaDEX Fund by 10.5% in the 4th quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock valued at $305,000 after acquiring an additional 465 shares during the period. Cottonwood Capital Advisors LLC increased its position in First Trust Germany AlphaDEX Fund by 4.8% during the 1st quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock worth $1,200,000 after purchasing an additional 919 shares during the period. Advisory Services Network LLC acquired a new position in First Trust Germany AlphaDEX Fund during the 3rd quarter worth approximately $57,000. Finally, Raymond James Financial Inc. increased its position in First Trust Germany AlphaDEX Fund by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 12,808 shares of the company’s stock worth $753,000 after purchasing an additional 1,703 shares during the period.

About First Trust Germany AlphaDEX Fund

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.