First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Down 0.6% - Here's What Happened

Key Points

• FJP shares fell 0.6% to $76.46 in mid-day trading, with volume down 51% from its average. The ETF has a $259.96 million market capitalization, a 10.49 price-to-earnings ratio and a beta of 0.60.
• First Trust Japan AlphaDEX Fund increased its quarterly dividend to $0.4847 per share, equivalent to an annualized $1.94 dividend and a 2.5% yield.
• Several institutional investors raised their positions, including LPL Financial, Gateway Wealth Partners and Jones Financial Companies. FJP tracks an equal-weighted index of Japanese stocks selected using growth and value criteria.

Shares of First Trust Japan AlphaDEX Fund (NASDAQ:FJP - ) traded down 0.6% during mid-day trading on Thursday . The company traded as low as $76.36 and last traded at $76.46. Approximately 5,627 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 11,573 shares. The stock had previously closed at $76.96.

First Trust Japan AlphaDEX Fund Trading Down 0.6%

The firm has a market capitalization of $259.96 million, a PE ratio of 10.49 and a beta of 0.60. The firm's fifty day moving average price is $75.79 and its 200 day moving average price is $75.60.

First Trust Japan AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.4847 per share. This represents a $1.94 annualized dividend and a yield of 2.5%. This is a positive change from First Trust Japan AlphaDEX Fund's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in First Trust Japan AlphaDEX Fund by 15.4% during the 4th quarter. LPL Financial LLC now owns 240,113 shares of the company's stock worth $16,130,000 after purchasing an additional 32,043 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in shares of First Trust Japan AlphaDEX Fund by 99.1% during the 1st quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company's stock worth $2,741,000 after purchasing an additional 18,792 shares during the last quarter. Concorde Asset Management LLC lifted its position in shares of First Trust Japan AlphaDEX Fund by 87.1% during the 4th quarter. Concorde Asset Management LLC now owns 25,327 shares of the company's stock worth $1,701,000 after purchasing an additional 11,788 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Japan AlphaDEX Fund by 8.8% during the fourth quarter. Cetera Investment Advisers now owns 119,426 shares of the company's stock worth $8,022,000 after purchasing an additional 9,666 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in First Trust Japan AlphaDEX Fund by 2,389.0% in the first quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company's stock valued at $510,000 after buying an additional 8,935 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.

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