First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Trading at $57.93

First Trust Germany AlphaDEX Fund (NASDAQ:FGM)’s share price was down 0% on Wednesday. The company traded as low as $57.93 and last traded at $57.9310. 478 shares traded hands during trading, a decline of 95% from the average session volume of 10,255 shares. The stock had previously closed at $57.95.

First Trust Germany AlphaDEX Fund Trading Down 0.0%

The company has a 50-day moving average price of $61.20 and a two-hundred day moving average price of $63.11. The stock has a market capitalization of $89.79 million, a P/E ratio of 13.97 and a beta of 0.95.

First Trust Germany AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.1906 per share. This is a decrease from First Trust Germany AlphaDEX Fund’s previous quarterly dividend of $0.8422. This represents a $0.76 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Cottonwood Capital Advisors LLC boosted its holdings in shares of First Trust Germany AlphaDEX Fund by 1.7% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,782 shares of the company’s stock worth $1,230,000 after buying an additional 341 shares in the last quarter. Genesee Capital Advisors LLC acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the 3rd quarter worth approximately $541,000. Cetera Investment Advisers bought a new stake in shares of First Trust Germany AlphaDEX Fund in the 1st quarter valued at $280,000. Finally, First Trust Advisors LP increased its stake in shares of First Trust Germany AlphaDEX Fund by 52.6% in the 1st quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock valued at $55,522,000 after acquiring an additional 318,845 shares in the last quarter.

First Trust Germany AlphaDEX Fund Company Profile

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.