First Trust China AlphaDEX Fund (NASDAQ:FCA) Plans Quarterly Dividend of $0.89

First Trust China AlphaDEX Fund (NASDAQ:FCA) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.8921 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Thursday, September 24th. This is a 122.0% increase from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.40.

First Trust China AlphaDEX Fund Stock Down 1.4%

Shares of FCA opened at $26.86 on Thursday. First Trust China AlphaDEX Fund has a 52-week low of $25.81 and a 52-week high of $34.60. The stock has a fifty day simple moving average of $27.27 and a two-hundred day simple moving average of $29.71. The company has a market capitalization of $30.89 million, a PE ratio of 9.26 and a beta of 0.42.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FCA. Kestra Advisory Services LLC raised its position in First Trust China AlphaDEX Fund by 25.9% in the first quarter. Kestra Advisory Services LLC now owns 6,809 shares of the company’s stock valued at $213,000 after purchasing an additional 1,400 shares during the period. Compass Financial Management LLC acquired a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter worth about $40,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter worth about $194,000. Endeavor Private Wealth Inc. acquired a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter worth about $355,000. Finally, Citadel Advisors LLC raised its holdings in First Trust China AlphaDEX Fund by 1,196.2% in the 2nd quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock valued at $2,436,000 after buying an additional 82,468 shares during the period.

About First Trust China AlphaDEX Fund

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.