First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Trading Down 0.1% – Here’s What Happened

Shares of First Trust Germany AlphaDEX Fund (NASDAQ:FGM) dropped 0.1% on Friday . The stock traded as low as $65.37 and last traded at $65.4050. Approximately 2,135 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 18,840 shares. The stock had previously closed at $65.44.

First Trust Germany AlphaDEX Fund Stock Down 0.1%

The firm’s fifty day moving average price is $61.08 and its 200-day moving average price is $58.75. The stock has a market cap of $85.03 million, a P/E ratio of 13.97 and a beta of 0.99.

First Trust Germany AlphaDEX Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.0392 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FGM. Advisory Services Network LLC bought a new stake in shares of First Trust Germany AlphaDEX Fund in the 3rd quarter worth approximately $57,000. Transamerica Financial Advisors LLC raised its holdings in shares of First Trust Germany AlphaDEX Fund by 38,572.7% during the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock valued at $240,000 after acquiring an additional 4,243 shares in the last quarter. StoneX Group Inc. bought a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter valued at approximately $250,000. Osaic Holdings Inc. purchased a new stake in First Trust Germany AlphaDEX Fund in the second quarter worth $332,000. Finally, Raymond James Financial Inc. purchased a new position in First Trust Germany AlphaDEX Fund during the 2nd quarter valued at $626,000.

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.