First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading Up 0.3% - What's Next?

Key Points

• FPA shares rose 0.3% to $49.52 in midday trading, though trading volume was 85% below the average session volume. The fund has a $111.42 million market capitalization and a beta of 1.08.
• The fund paid a quarterly dividend of $0.1513, equivalent to about $0.61 annually and a 1.2% yield.
• Institutional activity was broadly positive, with Susquehanna International Group and Rathbones increasing their positions while several firms, including Jane Street, initiated new stakes.

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA - )'s share price shot up 0.3% during mid-day trading on Thursday . The company traded as high as $49.46 and last traded at $49.52. 3,354 shares traded hands during trading, a decline of 85% from the average session volume of 21,673 shares. The stock had previously closed at $49.38.

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

The stock's 50-day moving average price is $50.14 and its 200 day moving average price is $48.80. The company has a market cap of $111.42 million, a P/E ratio of 10.39 and a beta of 1.08.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1513 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.61 dividend on an annualized basis and a yield of 1.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% in the third quarter. Susquehanna International Group LLP now owns 46,170 shares of the company's stock valued at $1,725,000 after purchasing an additional 4,915 shares during the last quarter. Rathbones Group PLC lifted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% during the 1st quarter. Rathbones Group PLC now owns 42,208 shares of the company's stock worth $1,835,000 after purchasing an additional 5,339 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at approximately $850,000. Compass Financial Management LLC bought a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at approximately $319,000. Finally, Osaic Holdings Inc. bought a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at approximately $130,000.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

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.

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