First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Trading Up 0.5% – Here’s What Happened

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) shares were up 0.5% on Friday . The company traded as high as $71.34 and last traded at $70.79. Approximately 13,233 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 11,248 shares. The stock had previously closed at $70.47.

First Trust Japan AlphaDEX Fund Price Performance

The company has a market capitalization of $290.24 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. The stock has a 50 day simple moving average of $67.95 and a two-hundred day simple moving average of $65.21.

First Trust Japan AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $1.3356 dividend. This represents a $5.34 annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Holistic Financial Partners lifted its position in First Trust Japan AlphaDEX Fund by 0.7% in the fourth quarter. Holistic Financial Partners now owns 67,471 shares of the company’s stock valued at $4,532,000 after acquiring an additional 491 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Japan AlphaDEX Fund by 5.7% during the third quarter. Raymond James Financial Inc. now owns 42,468 shares of the company’s stock worth $2,767,000 after purchasing an additional 2,272 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of First Trust Japan AlphaDEX Fund in the 3rd quarter valued at about $293,000. Rathbones Group PLC boosted its position in shares of First Trust Japan AlphaDEX Fund by 28.8% in the 3rd quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after purchasing an additional 24,059 shares during the period. Finally, US Bancorp DE grew its stake in First Trust Japan AlphaDEX Fund by 68.0% during the 3rd quarter. US Bancorp DE now owns 8,835 shares of the company’s stock worth $576,000 after buying an additional 3,576 shares during the last quarter.

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.