First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Down 0.4% – Should You Sell?

First Trust China AlphaDEX Fund (NASDAQ:FCA) fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $30.07 and last traded at $30.10. 17,270 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 46,952 shares. The stock had previously closed at $30.22.

First Trust China AlphaDEX Fund Trading Up 1.0%

The firm has a market cap of $102.41 million, a price-to-earnings ratio of 9.26 and a beta of 0.40. The firm’s 50-day moving average is $32.11 and its 200-day moving average is $31.39.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its position in shares of First Trust China AlphaDEX Fund by 52.2% during the first quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock valued at $63,884,000 after buying an additional 699,253 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust China AlphaDEX Fund during the first quarter valued at approximately $3,046,000. &PARTNERS purchased a new position in shares of First Trust China AlphaDEX Fund during the fourth quarter valued at approximately $2,970,000. StoneX Group Inc. boosted its position in shares of First Trust China AlphaDEX Fund by 495.8% during the fourth quarter. StoneX Group Inc. now owns 50,473 shares of the company’s stock valued at $1,427,000 after buying an additional 42,001 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust China AlphaDEX Fund during the third quarter valued at approximately $1,314,000.

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.