First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Stock Price Down 0.3% – Here’s What Happened

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s stock price dropped 0.3% during mid-day trading on Monday . The company traded as low as $48.24 and last traded at $48.24. Approximately 16,689 shares traded hands during mid-day trading, an increase of 159% from the average daily volume of 6,448 shares. The stock had previously closed at $48.38.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

The stock has a 50-day moving average price of $41.57 and a 200 day moving average price of $39.09. The firm has a market cap of $31.36 million, a PE ratio of 10.39 and a beta of 0.97.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $1.0012 per share. This represents a $4.00 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22.

Institutional Investors Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FPA. Osaic Holdings Inc. purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter worth approximately $130,000. Brookwood Investment Group LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at $219,000. Jane Street Group LLC acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth $850,000. Rathbones Group PLC raised its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 15.2% in the 2nd quarter. Rathbones Group PLC now owns 31,904 shares of the company’s stock worth $1,140,000 after buying an additional 4,201 shares during the period. Finally, GeoWealth Management LLC purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth $1,348,000.

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.