First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Trading Up 0.4% – Here’s Why

Shares of First Trust Japan AlphaDEX Fund (NASDAQ:FJP) were up 0.4% on Wednesday . The company traded as high as $76.22 and last traded at $75.96. Approximately 11,590 shares traded hands during trading, a decline of 8% from the average daily volume of 12,566 shares. The stock had previously closed at $75.62.

First Trust Japan AlphaDEX Fund Stock Performance

The stock has a 50-day moving average price of $74.84 and a two-hundred day moving average price of $72.40. The stock has a market capitalization of $246.87 million, a PE ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1139 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.46 dividend on an annualized basis and a yield of 0.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC increased its stake in First Trust Japan AlphaDEX Fund by 0.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 30,183 shares of the company’s stock worth $2,028,000 after acquiring an additional 144 shares during the last quarter. Sanctuary Advisors LLC increased its stake in First Trust Japan AlphaDEX Fund by 2.2% in the 1st quarter. Sanctuary Advisors LLC now owns 7,510 shares of the company’s stock worth $545,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC increased its stake in First Trust Japan AlphaDEX Fund by 82.3% in the 1st quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after acquiring an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in First Trust Japan AlphaDEX Fund by 5.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock worth $227,000 after acquiring an additional 182 shares during the last quarter. Finally, Rossby Financial LCC increased its stake in First Trust Japan AlphaDEX Fund by 32.7% in the 3rd quarter. Rossby Financial LCC now owns 755 shares of the company’s stock worth $49,000 after acquiring an additional 186 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.