First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Shares Up 1.9% – Still a Buy?

Shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) rose 1.9% on Thursday . The company traded as high as $48.18 and last traded at $48.15. 19,554 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 23,514 shares. The stock had previously closed at $47.24.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $52.39 and a 200-day simple moving average of $48.13. The firm has a market capitalization of $108.34 million, a PE ratio of 10.39 and a beta of 1.06.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1513 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.3%.

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

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter valued at approximately $130,000. Jane Street Group LLC purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth $850,000. Rathbones Group PLC grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.7% during the 4th quarter. Rathbones Group PLC now owns 36,869 shares of the company’s stock valued at $1,378,000 after acquiring an additional 3,872 shares during the period. Finally, Susquehanna International Group LLP grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% during the 3rd quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock valued at $1,725,000 after acquiring an additional 4,915 shares during the period.

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.