First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 0.3%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) traded down 0.3% during trading on Tuesday . The company traded as low as $53.45 and last traded at $53.58. 3,380 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 15,813 shares. The stock had previously closed at $53.72.

First Trust Japan AlphaDEX Fund Stock Performance

The company has a market cap of $200.93 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The company’s fifty day moving average is $51.75 and its two-hundred day moving average is $52.70.

First Trust Japan AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.3729 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.78%.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FJP. Congress Wealth Management LLC DE lifted its stake in shares of First Trust Japan AlphaDEX Fund by 0.5% in the 1st quarter. Congress Wealth Management LLC DE now owns 716,958 shares of the company’s stock valued at $39,526,000 after purchasing an additional 3,650 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust Japan AlphaDEX Fund by 6.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 77,251 shares of the company’s stock worth $3,980,000 after acquiring an additional 4,891 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of First Trust Japan AlphaDEX Fund by 32.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 67,261 shares of the company’s stock worth $3,466,000 after acquiring an additional 16,475 shares in the last quarter. Rathbones Group PLC grew its position in shares of First Trust Japan AlphaDEX Fund by 35.8% during the 2nd quarter. Rathbones Group PLC now owns 62,999 shares of the company’s stock valued at $3,246,000 after acquiring an additional 16,620 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Japan AlphaDEX Fund by 41.5% in the 1st quarter. Cetera Investment Advisers now owns 54,906 shares of the company’s stock valued at $3,027,000 after purchasing an additional 16,102 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.