First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 0.6% – Time to Sell?

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s stock price was down 0.6% during trading on Thursday . The stock traded as low as $76.36 and last traded at $76.46. Approximately 5,627 shares changed hands during trading, a decline of 51% from the average daily volume of 11,573 shares. The stock had previously closed at $76.96.

First Trust Japan AlphaDEX Fund Trading Up 1.3%

The company has a market capitalization of $263.50 million, a PE ratio of 10.49 and a beta of 0.60. The stock’s 50-day moving average is $75.78 and its two-hundred day moving average is $75.61.

First Trust Japan AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.4847 per share. This is a positive change from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FJP. Sound Income Strategies LLC grew its position in First Trust Japan AlphaDEX Fund by 82.3% in the 1st quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock valued at $28,000 after acquiring an additional 167 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund during the first quarter valued at $74,000. Mariner LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund during the fourth quarter valued at $217,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Japan AlphaDEX Fund by 5.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock worth $227,000 after purchasing an additional 182 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. grew its holdings in shares of First Trust Japan AlphaDEX Fund by 8.8% in the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after purchasing an additional 333 shares during 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.