First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 2% – What’s Next?

Shares of First Trust Japan AlphaDEX Fund (NASDAQ:FJP) traded down 2% during mid-day trading on Thursday . The company traded as low as $73.59 and last traded at $73.95. 6,119 shares were traded during trading, a decline of 48% from the average daily volume of 11,870 shares. The stock had previously closed at $75.48.

First Trust Japan AlphaDEX Fund Trading Down 1.3%

The company has a 50-day simple moving average of $76.73 and a 200 day simple moving average of $75.01. The company has a market cap of $244.62 million, a P/E ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.4847 dividend. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FJP. Jones Financial Companies Lllp grew its stake in First Trust Japan AlphaDEX Fund by 2,389.0% in the 1st quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock worth $510,000 after acquiring an additional 8,935 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 1.8% in the second quarter. Raymond James Financial Inc. now owns 40,196 shares of the company’s stock valued at $2,401,000 after purchasing an additional 726 shares during the period. Jane Street Group LLC boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 95.1% in the second quarter. Jane Street Group LLC now owns 13,171 shares of the company’s stock valued at $787,000 after purchasing an additional 6,421 shares during the period. Benjamin Edwards Inc. grew its stake in First Trust Japan AlphaDEX Fund by 19.8% in the second quarter. Benjamin Edwards Inc. now owns 24,516 shares of the company’s stock worth $1,464,000 after purchasing an additional 4,060 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. increased its holdings in First Trust Japan AlphaDEX Fund by 8.8% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after purchasing an additional 333 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.