First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Trading Up 1.1% – Should You Buy?

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s share price shot up 1.1% on Monday . The stock traded as high as $80.04 and last traded at $79.61. 9,689 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 12,001 shares. The stock had previously closed at $78.75.

First Trust Japan AlphaDEX Fund Trading Up 1.1%

The stock’s 50-day simple moving average is $76.50 and its 200-day simple moving average is $73.94. The stock has a market cap of $258.73 million, a price-to-earnings ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1139 dividend. This represents a $0.46 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FJP. Jones Financial Companies Lllp raised its holdings in First Trust Japan AlphaDEX Fund by 2,389.0% in the 1st quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock valued at $510,000 after acquiring an additional 8,935 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Japan AlphaDEX Fund by 1.8% in the second quarter. Raymond James Financial Inc. now owns 40,196 shares of the company’s stock worth $2,401,000 after purchasing an additional 726 shares during the period. Jane Street Group LLC raised its stake in First Trust Japan AlphaDEX Fund by 95.1% in the second quarter. Jane Street Group LLC now owns 13,171 shares of the company’s stock valued at $787,000 after purchasing an additional 6,421 shares in the last quarter. Benjamin Edwards Inc. raised its stake in First Trust Japan AlphaDEX Fund by 19.8% in the second quarter. Benjamin Edwards Inc. now owns 24,516 shares of the company’s stock valued at $1,464,000 after purchasing an additional 4,060 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its position in First Trust Japan AlphaDEX Fund by 8.8% during the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after purchasing an additional 333 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.