First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Trading 0.8% Higher – Still a Buy?

Shares of First Trust Japan AlphaDEX Fund (NASDAQ:FJP) were up 0.8% during mid-day trading on Thursday . The company traded as high as $77.65 and last traded at $77.16. 6,809 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 11,279 shares. The stock had previously closed at $76.54.

First Trust Japan AlphaDEX Fund Price Performance

The stock’s fifty day moving average is $76.03 and its 200-day moving average is $76.14. The stock has a market cap of $262.34 million, a PE ratio of 10.49 and a beta of 0.60.

First Trust Japan AlphaDEX Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC increased its holdings in First Trust Japan AlphaDEX Fund by 17.8% in the 2nd quarter. Tucker Asset Management LLC now owns 2,762 shares of the company’s stock valued at $211,000 after purchasing an additional 418 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in First Trust Japan AlphaDEX Fund by 11.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,169 shares of the company’s stock worth $242,000 after purchasing an additional 324 shares during the period. Coppell Advisory Solutions LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund during the second quarter worth approximately $27,000. Parallel Advisors LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund in the 1st quarter valued at approximately $74,000. Finally, Concorde Asset Management LLC lifted its holdings in First Trust Japan AlphaDEX Fund by 4.3% during the 1st quarter. Concorde Asset Management LLC now owns 26,413 shares of the company’s stock worth $1,918,000 after buying an additional 1,086 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.