First Trust China AlphaDEX Fund (NASDAQ:FCA) Trading Up 1.5% – Here’s Why

First Trust China AlphaDEX Fund (NASDAQ:FCA) shares rose 1.5% during trading on Thursday . The company traded as high as $29.25 and last traded at $29.0950. Approximately 1,064 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 10,771 shares. The stock had previously closed at $28.66.

First Trust China AlphaDEX Fund Stock Performance

The firm has a fifty day simple moving average of $28.64 and a 200-day simple moving average of $25.62. The company has a market capitalization of $62.16 million, a PE ratio of 9.26 and a beta of 0.43.

First Trust China AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.2567 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.03 annualized dividend and a yield of 3.6%.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in First Trust China AlphaDEX Fund during the 1st quarter worth approximately $3,046,000. OLD Mission Capital LLC acquired a new stake in shares of First Trust China AlphaDEX Fund during the 1st quarter valued at approximately $2,673,000. First Trust Advisors LP lifted its stake in First Trust China AlphaDEX Fund by 6.7% during the second quarter. First Trust Advisors LP now owns 1,089,404 shares of the company’s stock worth $26,276,000 after purchasing an additional 68,396 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in First Trust China AlphaDEX Fund in the first quarter worth $813,000. Finally, StoneX Group Inc. bought a new stake in First Trust China AlphaDEX Fund during the second quarter valued at $204,000.

First Trust China AlphaDEX Fund Company Profile

The First Trust China AlphaDEX Fund (FCA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX China index. The fund tracks the Defined China Index. The alpha-seeking index employs a quantitative methodology to select stocks based on both value and growth factors. FCA was launched on Apr 18, 2011 and is managed by First Trust.