First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Stock Price Down 0.5% – Here’s What Happened

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ)’s stock price traded down 0.5% during trading on Monday . The stock traded as low as $80.98 and last traded at $81.59. Approximately 2,629 shares traded hands during trading, an increase of 44% from the average daily volume of 1,821 shares. The stock had previously closed at $82.04.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, First Trust Switzerland AlphaDEX Fund presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.59.

First Trust Switzerland AlphaDEX Fund Stock Performance

The company has a market capitalization of $40.80 million, a PE ratio of 21.38 and a beta of 0.77. The company’s 50-day simple moving average is $81.55 and its 200-day simple moving average is $81.41.

First Trust Switzerland AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.5445 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.7%. This is a positive change from First Trust Switzerland AlphaDEX Fund’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Hyposwiss Advisors SA purchased a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter valued at approximately $234,000. Royal Bank of Canada lifted its position in First Trust Switzerland AlphaDEX Fund by 35.3% during the 4th quarter. Royal Bank of Canada now owns 959 shares of the company’s stock worth $77,000 after acquiring an additional 250 shares during the period. Kestra Advisory Services LLC acquired a new stake in First Trust Switzerland AlphaDEX Fund during the 4th quarter worth approximately $161,000. Climber Capital SA purchased a new position in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at approximately $651,000. Finally, Genesee Capital Advisors LLC purchased a new position in shares of First Trust Switzerland AlphaDEX Fund in the 4th quarter valued at approximately $552,000.

About First Trust Switzerland AlphaDEX Fund

The First Trust Switzerland AlphaDEX Fund (FSZ) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Switzerland index. The fund tracks a tiered, equal-weighted index of 40 Swiss companies selected from the NASDAQ Switzerland Index. It aims to outperform the broader market using a quant-based methodology. FSZ was launched on Feb 14, 2012 and is managed by First Trust.