First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) Stock Price Down 3.4% – What’s Next?

First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ)’s share price was down 3.4% during mid-day trading on Thursday . The stock traded as low as $10.32 and last traded at $10.32. Approximately 2,127 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 2,963 shares. The stock had previously closed at $10.68.

First Trust Brazil AlphaDEX Fund Stock Down 3.0 %

The company’s 50-day simple moving average is $10.89 and its 200-day simple moving average is $11.01. The stock has a market cap of $5.51 million, a price-to-earnings ratio of 7.54 and a beta of 1.02.

First Trust Brazil AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.136 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust Brazil AlphaDEX Fund’s previous quarterly dividend of $0.10.

Institutional Trading of First Trust Brazil AlphaDEX Fund

An institutional investor recently raised its position in First Trust Brazil AlphaDEX Fund stock. Jane Street Group LLC grew its holdings in First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,144 shares of the company’s stock after purchasing an additional 6,153 shares during the period. Jane Street Group LLC owned about 7.30% of First Trust Brazil AlphaDEX Fund worth $454,000 as of its most recent SEC filing.

About First Trust Brazil AlphaDEX Fund

The First Trust Brazil AlphaDEX Fund (FBZ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index weighted in tiers and selected using growth and value factors. FBZ was launched on Apr 18, 2011 and is managed by First Trust.