First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Up 0.1% - Still a Buy?

Key Points

• The First Trust China AlphaDEX Fund (NASDAQ:FCA) shares traded up 0.1% to $28.89, with a trading volume of 9,407 shares, slightly above the average volume.
• The fund recently increased its quarterly dividend to $0.3431, resulting in an annualized dividend of $1.37 and a yield of 4.8%, up from a previous dividend of $0.03.
• Several hedge funds have recently acquired positions in the fund, with notable purchases including Citadel Advisors LLC adding $1.265 million in the fourth quarter and Flow Traders U.S. LLC investing approximately $813,000 in the first quarter.

Shares of First Trust China AlphaDEX Fund (NASDAQ:FCA - Get Free Report) were up 0.1% on Tuesday . The company traded as high as $28.89 and last traded at $28.89. Approximately 9,407 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 9,190 shares. The stock had previously closed at $28.86.

First Trust China AlphaDEX Fund Stock Down 0.8%

The stock has a 50 day simple moving average of $26.84 and a two-hundred day simple moving average of $23.53. The stock has a market capitalization of $51.82 million, a P/E ratio of 9.26 and a beta of 0.57.

First Trust China AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.3431 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is a positive change from First Trust China AlphaDEX Fund's previous quarterly dividend of $0.03. This represents a $1.37 dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of First Trust China AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FCA. StoneX Group Inc. acquired a new stake in shares of First Trust China AlphaDEX Fund in the second quarter valued at approximately $204,000. Flow Traders U.S. LLC acquired a new stake in shares of First Trust China AlphaDEX Fund in the first quarter valued at approximately $813,000. Citadel Advisors LLC acquired a new stake in shares of First Trust China AlphaDEX Fund in the fourth quarter valued at approximately $1,265,000. OLD Mission Capital LLC acquired a new stake in shares of First Trust China AlphaDEX Fund in the first quarter valued at approximately $2,673,000. Finally, Jane Street Group LLC acquired a new stake in shares of First Trust China AlphaDEX Fund in the first quarter valued at approximately $3,046,000.

First Trust China AlphaDEX Fund Company Profile

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.