First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading 1.8% Higher – Should You Buy?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) shares were up 1.8% during mid-day trading on Friday . The company traded as high as $38.08 and last traded at $38.0250. Approximately 903 shares were traded during trading, a decline of 70% from the average daily volume of 3,035 shares. The stock had previously closed at $37.37.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

The firm’s 50-day moving average price is $38.21 and its 200-day moving average price is $37.20. The stock has a market cap of $22.82 million, a P/E ratio of 10.39 and a beta of 0.97.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $1.0012 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.00 dividend on an annualized basis and a yield of 10.5%. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. bought a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter worth about $130,000. Brookwood Investment Group LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at approximately $219,000. Walker Asset Management LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at approximately $221,000. Jane Street Group LLC bought a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth approximately $850,000. Finally, Rathbones Group PLC raised its holdings in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 15.2% during the 2nd quarter. Rathbones Group PLC now owns 31,904 shares of the company’s stock worth $1,140,000 after acquiring an additional 4,201 shares in 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.