First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading 0.3% Higher – Here’s What Happened

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s share price traded up 0.3% on Monday . The stock traded as high as $43.36 and last traded at $43.07. 3,361 shares changed hands during trading, an increase of 52% from the average session volume of 2,204 shares. The stock had previously closed at $42.96.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Trading Up 0.3%

The company has a 50-day moving average price of $38.69 and a 200 day moving average price of $37.80. The stock has a market capitalization of $28.00 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 given a dividend of $1.0012 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.00 annualized dividend and a yield of 9.3%. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22.

Institutional Investors Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FPA. Osaic Holdings Inc. acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter worth approximately $130,000. Brookwood Investment Group LLC acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $219,000. Walker Asset Management LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $221,000. Jane Street Group LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $850,000. Finally, Rathbones Group PLC boosted its stake in 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 purchasing an additional 4,201 shares during the last quarter.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Company Profile

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.