First Trust China AlphaDEX Fund (NASDAQ:FCA) Trading Down 1% – What’s Next?

First Trust China AlphaDEX Fund (NASDAQ:FCA)’s share price dropped 1% on Monday . The stock traded as low as $32.44 and last traded at $32.54. Approximately 35,514 shares were traded during trading, a decline of 30% from the average daily volume of 50,872 shares. The stock had previously closed at $32.87.

First Trust China AlphaDEX Fund Stock Performance

The company has a market capitalization of $110.64 million, a P/E ratio of 9.26 and a beta of 0.43. The stock’s fifty day moving average price is $32.58 and its 200-day moving average price is $30.83.

Institutional Trading of First Trust China AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Genesee Capital Advisors LLC bought a new position in shares of First Trust China AlphaDEX Fund during the 4th quarter worth approximately $610,000. Kestra Advisory Services LLC increased its holdings in shares of First Trust China AlphaDEX Fund by 25.9% during the 1st quarter. Kestra Advisory Services LLC now owns 6,809 shares of the company’s stock worth $213,000 after acquiring an additional 1,400 shares during the last quarter. Raymond James Financial Inc. raised its stake in First Trust China AlphaDEX Fund by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock valued at $915,000 after acquiring an additional 3,557 shares during the period. Citadel Advisors LLC acquired a new stake in First Trust China AlphaDEX Fund during the 3rd quarter valued at $1,314,000. Finally, &PARTNERS acquired a new stake in First Trust China AlphaDEX Fund during the 4th quarter valued at $2,970,000.

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.