First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Shares Down 3.7% – Should You Sell?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) shares fell 3.7% on Friday . The stock traded as low as $51.82 and last traded at $52.49. 9,803 shares traded hands during trading, a decline of 65% from the average session volume of 28,394 shares. The stock had previously closed at $54.48.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

The firm’s 50 day moving average is $47.37 and its two-hundred day moving average is $43.20. The stock has a market capitalization of $131.23 million, a PE ratio of 10.39 and a beta of 1.03.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.4187 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.2%.

Institutional Investors Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Large investors have recently modified their holdings of the company. Osaic Holdings Inc. purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at approximately $130,000. Jane Street Group LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at approximately $850,000. Rathbones Group PLC increased its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% in the 3rd quarter. Rathbones Group PLC now owns 32,997 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,093 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% in the 3rd quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock valued at $1,725,000 after purchasing an additional 4,915 shares during the last quarter. Finally, Waverton Investment Management Ltd increased its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% in the 3rd quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock valued at $6,782,000 after purchasing an additional 12,090 shares during the last quarter.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

The First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that mostly invests in total market equity. The fund selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors. FPA was launched on Apr 18, 2011 and is managed by First Trust.