First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Trading Up 0.4% – Here’s Why

Shares of First Trust Japan AlphaDEX Fund (NASDAQ:FJP) were up 0.4% on Wednesday . The stock traded as high as $76.22 and last traded at $75.96. Approximately 11,590 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 12,566 shares. The stock had previously closed at $75.62.

First Trust Japan AlphaDEX Fund Stock Up 0.4%

The company’s 50-day moving average is $74.84 and its two-hundred day moving average is $72.40. The company has a market capitalization of $246.87 million, a P/E ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1139 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Japan AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new stake in First Trust Japan AlphaDEX Fund in the 4th quarter worth about $491,000. Holistic Financial Partners increased its holdings in First Trust Japan AlphaDEX Fund by 0.7% in the 4th quarter. Holistic Financial Partners now owns 67,471 shares of the company’s stock worth $4,532,000 after buying an additional 491 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in First Trust Japan AlphaDEX Fund in the 3rd quarter worth about $293,000. Rathbones Group PLC grew its stake in shares of First Trust Japan AlphaDEX Fund by 28.8% during the 3rd quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after purchasing an additional 24,059 shares during the period. Finally, US Bancorp DE grew its stake in shares of First Trust Japan AlphaDEX Fund by 68.0% during the 3rd quarter. US Bancorp DE now owns 8,835 shares of the company’s stock valued at $576,000 after purchasing an additional 3,576 shares during the period.

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.