First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Trading Down 0.1% – Here’s Why

First Trust Germany AlphaDEX Fund (NASDAQ:FGMGet Free Report)’s stock price was down 0.1% during mid-day trading on Friday . The company traded as low as $65.37 and last traded at $65.4050. Approximately 2,135 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 18,840 shares. The stock had previously closed at $65.44.

First Trust Germany AlphaDEX Fund Price Performance

The firm’s fifty day moving average is $61.08 and its 200-day moving average is $58.77. The stock has a market capitalization of $85.03 million, a price-to-earnings ratio of 13.97 and a beta of 0.99.

First Trust Germany AlphaDEX Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.0392 dividend. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the 3rd quarter valued at approximately $57,000. Transamerica Financial Advisors LLC boosted its holdings in First Trust Germany AlphaDEX Fund by 38,572.7% in the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock worth $240,000 after purchasing an additional 4,243 shares during the period. StoneX Group Inc. bought a new stake in First Trust Germany AlphaDEX Fund during the second quarter valued at $250,000. Osaic Holdings Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the second quarter worth $332,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust Germany AlphaDEX Fund during the second quarter worth $626,000.

First Trust Germany AlphaDEX Fund Company Profile

(Get Free Report)

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.

Further Reading

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