First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading Down 6.1% – What’s Next?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s stock price fell 6.1% during trading on Tuesday . The stock traded as low as $52.67 and last traded at $53.08. 12,926 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 25,982 shares. The stock had previously closed at $56.54.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Trading Up 0.6%

The firm’s 50-day moving average price is $52.87 and its two-hundred day moving average price is $46.38. The stock has a market cap of $133.52 million, a PE ratio of 10.39 and a beta of 1.05.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.1513 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.61 dividend on an annualized basis and a yield of 1.1%.

Institutional Trading of First Trust Asia Pacific ex-Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $850,000. Osaic Holdings Inc. purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth $130,000. Waverton Investment Management Ltd boosted its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% during the third quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock valued at $6,782,000 after purchasing an additional 12,090 shares in the last quarter. Rathbones Group PLC boosted its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% during the third quarter. Rathbones Group PLC now owns 32,997 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Susquehanna International Group LLP grew its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% in the third quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock valued at $1,725,000 after purchasing an additional 4,915 shares during the last quarter.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

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.