First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Shares Down 0.6% - Here's What Happened

Key Points

• FGM shares fell 0.6% to $63.19 during Monday trading, with volume down 87% from its average daily level. The ETF has a $97.94 million market capitalization and trades below its 200-day moving average.
• The fund recently paid a quarterly dividend of $0.8422, equivalent to an annualized $3.37 payout and a 5.3% yield.
• Institutional activity was mixed, including a 52.6% increase in First Trust Advisors LP’s holdings and new positions from Cetera Investment Advisers and &PARTNERS.

First Trust Germany AlphaDEX Fund (NASDAQ:FGM - ) shares fell 0.6% during trading on Monday . The company traded as low as $62.92 and last traded at $63.19. Approximately 1,533 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 12,239 shares. The stock had previously closed at $63.58.

First Trust Germany AlphaDEX Fund Stock Performance

The firm has a 50-day moving average price of $63.44 and a two-hundred day moving average price of $64.33. The firm has a market cap of $97.94 million, a price-to-earnings ratio of 13.97 and a beta of 0.95.

First Trust Germany AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.8422 dividend. This represents a $3.37 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Germany AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FGM. Cetera Investment Advisers purchased a new stake in shares of First Trust Germany AlphaDEX Fund during the 1st quarter worth approximately $280,000. First Trust Advisors LP grew its position in shares of First Trust Germany AlphaDEX Fund by 52.6% in the 1st quarter. First Trust Advisors LP now owns 925,098 shares of the company's stock valued at $55,522,000 after buying an additional 318,845 shares during the last quarter. Cottonwood Capital Advisors LLC raised its stake in First Trust Germany AlphaDEX Fund by 4.8% during the 1st quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company's stock worth $1,200,000 after acquiring an additional 919 shares in the last quarter. &PARTNERS acquired a new stake in First Trust Germany AlphaDEX Fund during the 4th quarter worth $3,077,000. Finally, Kestra Advisory Services LLC raised its stake in First Trust Germany AlphaDEX Fund by 0.5% during the 4th quarter. Kestra Advisory Services LLC now owns 54,475 shares of the company's stock worth $3,397,000 after acquiring an additional 269 shares in the last quarter.

First Trust Germany AlphaDEX Fund Company Profile

The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P's AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.

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