First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 0.1%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) shares dropped 0.1% on Thursday . The stock traded as low as $52.22 and last traded at $52.35. Approximately 6,031 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 16,792 shares. The stock had previously closed at $52.41.

First Trust Japan AlphaDEX Fund Stock Down 0.2 %

The stock has a fifty day moving average of $53.73 and a two-hundred day moving average of $51.34. The stock has a market cap of $201.24 million, a price-to-earnings ratio of 6.51 and a beta of 0.67.

First Trust Japan AlphaDEX Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2998 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%.

Institutional Trading of First Trust Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley grew its position in First Trust Japan AlphaDEX Fund by 54.2% during the third quarter. Morgan Stanley now owns 420,946 shares of the company’s stock valued at $20,938,000 after purchasing an additional 148,043 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Japan AlphaDEX Fund by 8.1% during the 1st quarter. First Trust Advisors LP now owns 1,440,972 shares of the company’s stock valued at $65,315,000 after buying an additional 107,962 shares during the period. LPL Financial LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 243.6% during the 3rd quarter. LPL Financial LLC now owns 114,079 shares of the company’s stock valued at $5,674,000 after acquiring an additional 80,875 shares in the last quarter. Holistic Financial Partners acquired a new position in shares of First Trust Japan AlphaDEX Fund in the third quarter worth $2,437,000. Finally, Citadel Advisors LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund during the fourth quarter worth $2,399,000.

About First Trust Japan AlphaDEX Fund

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.