First Trust Germany AlphaDEX Fund (NASDAQ:FGM) to Issue $0.19 Quarterly Dividend

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.1906 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust Germany AlphaDEX Fund Price Performance

First Trust Germany AlphaDEX Fund stock traded down $1.82 during mid-day trading on Thursday, hitting $60.59. The company’s stock had a trading volume of 457 shares, compared to its average volume of 11,098. First Trust Germany AlphaDEX Fund has a 52-week low of $54.50 and a 52-week high of $71.12. The company has a market cap of $93.92 million, a PE ratio of 13.97 and a beta of 0.95. The firm’s 50 day moving average is $63.11 and its 200 day moving average is $63.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new stake in First Trust Germany AlphaDEX Fund during the first quarter valued at about $280,000. First Trust Advisors LP grew its stake in shares of First Trust Germany AlphaDEX Fund by 52.6% in the first quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock worth $55,522,000 after acquiring an additional 318,845 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC increased its position in First Trust Germany AlphaDEX Fund by 4.8% during the first quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock worth $1,200,000 after acquiring an additional 919 shares during the period.

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.