First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading 0.9% Higher – Still a Buy?

Shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) were up 0.9% on Thursday . The stock traded as high as $50.34 and last traded at $50.1750. Approximately 146 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 19,966 shares. The stock had previously closed at $49.71.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Up 0.9%

The business has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $49.34. The firm has a market cap of $112.89 million, a P/E ratio of 10.39 and a beta of 1.10.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1513 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 25th.

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

Several hedge funds have recently bought and sold shares of FPA. Jane Street Group LLC purchased a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter worth about $850,000. Osaic Holdings Inc. purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter valued at approximately $130,000. Susquehanna International Group LLP boosted 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 worth $1,725,000 after purchasing an additional 4,915 shares in the last quarter. Rathbones Group PLC boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.7% in the 4th quarter. Rathbones Group PLC now owns 36,869 shares of the company’s stock worth $1,378,000 after purchasing an additional 3,872 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth approximately $319,000.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Company Profile

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.