First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Up 0.8% – Should You Buy?

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) shares traded up 0.8% during trading on Thursday . The stock traded as high as $77.65 and last traded at $77.16. Approximately 6,809 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 11,279 shares. The stock had previously closed at $76.54.

First Trust Japan AlphaDEX Fund Stock Performance

The company has a market cap of $259.39 million, a P/E ratio of 10.49 and a beta of 0.60. The business has a 50 day moving average price of $75.98 and a two-hundred day moving average price of $76.14.

First Trust Japan AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.4847 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11. This represents a $1.94 annualized dividend and a yield of 2.5%.

Institutional Trading of First Trust Japan AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 0.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 30,183 shares of the company’s stock worth $2,028,000 after buying an additional 144 shares during the period. Sanctuary Advisors LLC raised its holdings in First Trust Japan AlphaDEX Fund by 2.2% during the 1st quarter. Sanctuary Advisors LLC now owns 7,510 shares of the company’s stock valued at $545,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC grew its holdings in First Trust Japan AlphaDEX Fund by 82.3% in the 1st quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after acquiring an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Japan AlphaDEX Fund by 5.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock worth $227,000 after acquiring an additional 182 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of First Trust Japan AlphaDEX Fund by 7.7% in the fourth quarter. Harbour Investments Inc. now owns 4,457 shares of the company’s stock valued at $299,000 after acquiring an additional 317 shares during the period.

About First Trust Japan AlphaDEX Fund

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.