First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 1.1% – Here’s Why

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s share price dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as $53.70 and last traded at $53.70. Approximately 5,978 shares were traded during trading, a decline of 57% from the average daily volume of 13,794 shares. The stock had previously closed at $54.30.

First Trust Japan AlphaDEX Fund Trading Down 1.1 %

The company has a market cap of $201.38 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The company’s 50 day moving average price is $52.53 and its 200 day moving average price is $52.27.

Institutional Trading of First Trust Japan AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Japan AlphaDEX Fund in the 3rd quarter worth $27,000. Sanctuary Advisors LLC lifted its stake in shares of First Trust Japan AlphaDEX Fund by 27.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,557 shares of the company’s stock worth $292,000 after acquiring an additional 1,182 shares during the period. MML Investors Services LLC lifted its stake in shares of First Trust Japan AlphaDEX Fund by 34.9% in the third quarter. MML Investors Services LLC now owns 7,714 shares of the company’s stock valued at $418,000 after purchasing an additional 1,997 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of First Trust Japan AlphaDEX Fund by 14.3% in the third quarter. Orion Portfolio Solutions LLC now owns 15,402 shares of the company’s stock valued at $835,000 after purchasing an additional 1,926 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of First Trust Japan AlphaDEX Fund by 774.3% in the third quarter. Jane Street Group LLC now owns 45,385 shares of the company’s stock valued at $2,462,000 after purchasing an additional 40,194 shares during the period.

About First Trust Japan AlphaDEX Fund

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.