First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Down 0.4% – Here’s What Happened

First Trust China AlphaDEX Fund (NASDAQ:FCA) was down 0.4% during trading on Friday. The company traded as low as $23.64 and last traded at $23.6220. 1,411 shares traded hands during trading, a decline of 97% from the average session volume of 41,321 shares. The stock had previously closed at $23.72.

First Trust China AlphaDEX Fund Stock Performance

The company has a market capitalization of $27.17 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The company’s fifty day simple moving average is $25.95 and its two-hundred day simple moving average is $29.57.

First Trust China AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.8921 dividend. This is a boost from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. The ex-dividend date was Thursday, September 24th. This represents a $3.57 dividend on an annualized basis and a dividend yield of 15.1%.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Large investors have recently modified their holdings of the stock. First Trust Advisors LP grew its stake in First Trust China AlphaDEX Fund by 52.2% in the first quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock worth $63,884,000 after purchasing an additional 699,253 shares in the last quarter. Citadel Advisors LLC raised its stake in First Trust China AlphaDEX Fund by 1,196.2% during the second quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock valued at $2,436,000 after buying an additional 82,468 shares in the last quarter. Avestar Capital LLC raised its stake in First Trust China AlphaDEX Fund by 101.5% during the third quarter. Avestar Capital LLC now owns 45,662 shares of the company’s stock valued at $1,179,000 after buying an additional 23,000 shares in the last quarter. Genesee Capital Advisors LLC bought a new position in First Trust China AlphaDEX Fund during the 3rd quarter worth approximately $460,000. Finally, Endeavor Private Wealth Inc. bought a new position in First Trust China AlphaDEX Fund during the 2nd quarter worth approximately $355,000.

About First Trust China AlphaDEX Fund

The First Trust China AlphaDEX Fund (FCA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX China index. The fund tracks the Defined China Index. The alpha-seeking index employs a quantitative methodology to select stocks based on both value and growth factors. FCA was launched on Apr 18, 2011 and is managed by First Trust.