First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

First Trust China AlphaDEX Fund (NASDAQ:FCAGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.30 and traded as low as $27.45. First Trust China AlphaDEX Fund shares last traded at $27.53, with a volume of 17,036 shares.

First Trust China AlphaDEX Fund Trading Up 0.4%

The firm has a market cap of $33.04 million, a PE ratio of 9.26 and a beta of 0.43. The business’s 50-day simple moving average is $28.30 and its 200 day simple moving average is $31.00.

First Trust China AlphaDEX Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.4019 per share. This represents a $1.61 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust China AlphaDEX Fund

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in First Trust China AlphaDEX Fund during the 3rd quarter valued at $69,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust China AlphaDEX Fund in the 4th quarter valued at $153,000. StoneX Group Inc. purchased a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter worth $204,000. GeoWealth Management LLC purchased a new stake in shares of First Trust China AlphaDEX Fund during the 3rd quarter worth $587,000. Finally, Raymond James Financial Inc. boosted its position in First Trust China AlphaDEX Fund by 12.7% during the third quarter. Raymond James Financial Inc. now owns 31,601 shares of the company’s stock valued at $915,000 after purchasing an additional 3,557 shares in the last quarter.

About First Trust China AlphaDEX Fund

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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.

Further Reading

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