First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Up 0.4% – What’s Next?

Shares of First Trust Japan AlphaDEX Fund (NASDAQ:FJP) rose 0.4% during trading on Wednesday . The stock traded as high as $76.22 and last traded at $75.96. Approximately 11,590 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 12,566 shares. The stock had previously closed at $75.62.

First Trust Japan AlphaDEX Fund Price Performance

The stock’s 50 day moving average price is $74.91 and its two-hundred day moving average price is $72.49. The firm has a market capitalization of $247.44 million, a price-to-earnings ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1139 dividend. This represents a $0.46 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Large investors have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in First Trust Japan AlphaDEX Fund by 15.4% during the 4th quarter. LPL Financial LLC now owns 240,113 shares of the company’s stock worth $16,130,000 after acquiring an additional 32,043 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Japan AlphaDEX Fund by 0.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 210,054 shares of the company’s stock valued at $13,688,000 after acquiring an additional 1,306 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Japan AlphaDEX Fund by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 124,329 shares of the company’s stock valued at $9,026,000 after acquiring an additional 4,903 shares during the period. Rathbones Group PLC raised its position in shares of First Trust Japan AlphaDEX Fund by 28.8% in the 3rd quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after acquiring an additional 24,059 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust Japan AlphaDEX Fund by 5.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 92,937 shares of the company’s stock valued at $6,066,000 after acquiring an additional 4,398 shares during the period.

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.