First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

First Trust China AlphaDEX Fund (NASDAQ:FCA)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $28.30 and traded as low as $27.45. First Trust China AlphaDEX Fund shares last traded at $27.53, with a volume of 17,036 shares trading hands.

First Trust China AlphaDEX Fund Price Performance

The firm has a market cap of $33.04 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The firm has a fifty day simple moving average of $28.30 and a two-hundred day simple moving average of $31.00.

First Trust China AlphaDEX Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.4019 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.61 dividend on an annualized basis and a yield of 5.8%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in shares of First Trust China AlphaDEX Fund by 52.2% during the first quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock worth $63,884,000 after buying an additional 699,253 shares during the period. Jane Street Group LLC purchased a new position in First Trust China AlphaDEX Fund in the 1st quarter worth $3,046,000. &PARTNERS acquired a new stake in First Trust China AlphaDEX Fund during the 4th quarter worth about $2,970,000. StoneX Group Inc. lifted its position in First Trust China AlphaDEX Fund by 495.8% during the 4th quarter. StoneX Group Inc. now owns 50,473 shares of the company’s stock worth $1,427,000 after acquiring an additional 42,001 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in First Trust China AlphaDEX Fund during the 3rd quarter valued at about $1,314,000.

About First Trust China AlphaDEX Fund

The First Trust China AlphaDEX Fund (FCA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX China index. The fund tracks the Defined China Index. The alpha-seeking index employs a quantitative methodology to select stocks based on both value and growth factors. FCA was launched on Apr 18, 2011 and is managed by First Trust.