First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Shares Up 1.8% – Here’s What Happened

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s share price shot up 1.8% during trading on Friday . The company traded as high as $38.08 and last traded at $38.0250. 903 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 3,035 shares. The stock had previously closed at $37.37.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

The firm has a market cap of $24.72 million, a PE ratio of 10.39 and a beta of 0.97. The business has a fifty day moving average price of $38.21 and a two-hundred day moving average price of $37.21.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $1.0012 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22.

Institutional Trading of First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter valued at approximately $130,000. Brookwood Investment Group LLC bought a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth $219,000. Walker Asset Management LLC acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $221,000. Jane Street Group LLC bought a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth $850,000. Finally, Rathbones Group PLC lifted its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 15.2% during the 2nd quarter. Rathbones Group PLC now owns 31,904 shares of the company’s stock worth $1,140,000 after acquiring an additional 4,201 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.