First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Down 1.2% – Time to Sell?

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) shares were down 1.2% on Wednesday. The company traded as low as $78.37 and last traded at $78.65. 28,494 shares changed hands during mid-day trading, an increase of 154% from the average session volume of 11,223 shares. The stock had previously closed at $79.58.

First Trust Japan AlphaDEX Fund Price Performance

The company has a market capitalization of $275.59 million, a PE ratio of 10.49 and a beta of 0.62. The business’s 50 day simple moving average is $77.51 and its 200 day simple moving average is $76.29.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FJP. Envestnet Portfolio Solutions Inc. raised its stake in shares of First Trust Japan AlphaDEX Fund by 10.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,986 shares of the company’s stock valued at $304,000 after acquiring an additional 365 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 224,636 shares of the company’s stock valued at $17,145,000 after buying an additional 5,849 shares in the last quarter. Citadel Advisors LLC boosted its stake in First Trust Japan AlphaDEX Fund by 54.9% in the second quarter. Citadel Advisors LLC now owns 28,635 shares of the company’s stock valued at $2,186,000 after acquiring an additional 10,144 shares in the last quarter. Tucker Asset Management LLC boosted its position in shares of First Trust Japan AlphaDEX Fund by 17.8% in the 2nd quarter. Tucker Asset Management LLC now owns 2,762 shares of the company’s stock valued at $211,000 after purchasing an additional 418 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in shares of First Trust Japan AlphaDEX Fund by 11.4% during the second quarter. Concurrent Investment Advisors LLC now owns 3,169 shares of the company’s stock worth $242,000 after acquiring an additional 324 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.