First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading Down 6.1% – Time to Sell?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) shares dropped 6.1% on Tuesday . The company traded as low as $52.67 and last traded at $53.08. 12,926 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 25,982 shares. The stock had previously closed at $56.54.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

The company’s 50-day moving average price is $52.75 and its 200-day moving average price is $46.28. The firm has a market capitalization of $132.70 million, a PE ratio of 10.39 and a beta of 1.05.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.4187 per share. This represents a $1.67 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rathbones Group PLC raised its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% during the 3rd quarter. Rathbones Group PLC now owns 32,997 shares of the company’s stock worth $1,233,000 after acquiring an additional 1,093 shares in the last quarter. Osaic Holdings Inc. acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter valued at approximately $130,000. Susquehanna International Group LLP boosted its holdings in 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 valued at $1,725,000 after purchasing an additional 4,915 shares in the last quarter. Waverton Investment Management Ltd increased its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% in the third quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock valued at $6,782,000 after purchasing an additional 12,090 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter valued at approximately $850,000.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

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.