First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Down 2% – Here’s What Happened

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s share price traded down 2% on Thursday . The stock traded as low as $73.59 and last traded at $73.95. 6,119 shares changed hands during trading, a decline of 48% from the average daily volume of 11,870 shares. The stock had previously closed at $75.48.

First Trust Japan AlphaDEX Fund Trading Down 2.0%

The stock has a market cap of $247.73 million, a PE ratio of 10.49 and a beta of 0.59. The business has a fifty day simple moving average of $76.84 and a two-hundred day simple moving average of $75.02.

First Trust Japan AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.4847 per share. This is a boost from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11. This represents a $1.94 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in First Trust Japan AlphaDEX Fund by 2,389.0% during the first quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock valued at $510,000 after buying an additional 8,935 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust Japan AlphaDEX Fund by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 40,196 shares of the company’s stock worth $2,401,000 after buying an additional 726 shares during the period. Jane Street Group LLC grew its position in shares of First Trust Japan AlphaDEX Fund by 95.1% in the 2nd quarter. Jane Street Group LLC now owns 13,171 shares of the company’s stock worth $787,000 after buying an additional 6,421 shares during the period. Benjamin Edwards Inc. increased its stake in shares of First Trust Japan AlphaDEX Fund by 19.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 24,516 shares of the company’s stock worth $1,464,000 after acquiring an additional 4,060 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. increased its stake in shares of First Trust Japan AlphaDEX Fund by 8.8% in the 2nd quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after acquiring an additional 333 shares in the last quarter.

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.