First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.1906 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 24th.
First Trust Germany AlphaDEX Fund Price Performance
First Trust Germany AlphaDEX Fund stock opened at $60.62 on Thursday. The stock has a market cap of $93.96 million, a price-to-earnings ratio of 13.97 and a beta of 0.95. The firm has a 50-day moving average of $63.11 and a two-hundred day moving average of $63.38. First Trust Germany AlphaDEX Fund has a 1 year low of $54.50 and a 1 year high of $71.12.
Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund
A number of hedge funds and other institutional investors have recently modified their holdings of FGM. First Trust Advisors LP lifted its position in shares of First Trust Germany AlphaDEX Fund by 52.6% during the first quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock valued at $55,522,000 after buying an additional 318,845 shares during the last quarter. Cottonwood Capital Advisors LLC boosted its stake in First Trust Germany AlphaDEX Fund by 4.8% in the 1st quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock worth $1,200,000 after purchasing an additional 919 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in First Trust Germany AlphaDEX Fund during the 1st quarter worth approximately $280,000.
First Trust Germany AlphaDEX Fund Company Profile
The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.
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