First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 0.6% – What’s Next?

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s stock price fell 0.6% during trading on Thursday . The stock traded as low as $76.36 and last traded at $76.46. 5,627 shares changed hands during trading, a decline of 51% from the average daily volume of 11,573 shares. The stock had previously closed at $76.96.

First Trust Japan AlphaDEX Fund Stock Down 0.6%

The firm has a market capitalization of $259.96 million, a price-to-earnings ratio of 10.49 and a beta of 0.60. The company has a fifty day moving average price of $75.79 and a two-hundred day moving average price of $75.60.

First Trust Japan AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FJP. Parallel Advisors LLC purchased a new stake in First Trust Japan AlphaDEX Fund during the 1st quarter valued at approximately $74,000. Concorde Asset Management LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 4.3% during the first quarter. Concorde Asset Management LLC now owns 26,413 shares of the company’s stock worth $1,918,000 after purchasing an additional 1,086 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 99.1% during the first quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company’s stock worth $2,741,000 after purchasing an additional 18,792 shares during the period. Cetera Investment Advisers grew its position in First Trust Japan AlphaDEX Fund by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 124,329 shares of the company’s stock valued at $9,026,000 after buying an additional 4,903 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in First Trust Japan AlphaDEX Fund by 2.2% in 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.

First Trust Japan AlphaDEX Fund Company Profile

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.