First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Shares Up 0.7% – Here’s What Happened

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) traded up 0.7% on Tuesday . The company traded as high as $64.72 and last traded at $64.7310. 372 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 11,326 shares. The stock had previously closed at $64.27.

First Trust Germany AlphaDEX Fund Stock Up 0.7%

The stock has a market capitalization of $100.33 million, a PE ratio of 13.97 and a beta of 0.95. The firm’s fifty day moving average price is $63.36 and its two-hundred day moving average price is $63.77.

First Trust Germany AlphaDEX Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.8422 dividend. This represents a $3.37 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Germany AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of First Trust Germany AlphaDEX Fund during the 1st quarter valued at $280,000. First Trust Advisors LP increased its stake in First Trust Germany AlphaDEX Fund by 52.6% in the 1st quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock worth $55,522,000 after buying an additional 318,845 shares in the last quarter. Cottonwood Capital Advisors LLC raised its holdings in First Trust Germany AlphaDEX Fund by 4.8% during the first quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock valued at $1,200,000 after acquiring an additional 919 shares during the period. &PARTNERS purchased a new position in shares of First Trust Germany AlphaDEX Fund in the fourth quarter valued at about $3,077,000. Finally, Kestra Advisory Services LLC lifted its position in shares of First Trust Germany AlphaDEX Fund by 0.5% in the fourth quarter. Kestra Advisory Services LLC now owns 54,475 shares of the company’s stock valued at $3,397,000 after acquiring an additional 269 shares in the last quarter.

About First Trust Germany AlphaDEX Fund

The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.