First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.1906 per share on Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 24th. This is a 77.4% decrease from First Trust Germany AlphaDEX Fund’s previous quarterly dividend of $0.8422.
First Trust Germany AlphaDEX Fund Stock Performance
First Trust Germany AlphaDEX Fund stock opened at $60.32 on Friday. First Trust Germany AlphaDEX Fund has a fifty-two week low of $54.50 and a fifty-two week high of $71.12. The firm has a 50 day moving average price of $63.06 and a 200 day moving average price of $63.36. The company has a market capitalization of $93.50 million, a PE ratio of 13.97 and a beta of 0.95.
Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund
Several large investors have recently added to or reduced their stakes in the business. Cottonwood Capital Advisors LLC raised its holdings in First Trust Germany AlphaDEX Fund by 4.8% in 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 in the last quarter. Cetera Investment Advisers purchased a new stake in First Trust Germany AlphaDEX Fund in the first quarter valued at $280,000. Finally, First Trust Advisors LP lifted its holdings in shares of 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 valued at $55,522,000 after purchasing an additional 318,845 shares during the last quarter.
First Trust Germany AlphaDEX Fund Company Profile
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.
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