First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading 0.9% Higher - Still a Buy?

Key Points

• FPA shares rose 0.9% to approximately $50.18, trading above both their 50-day and 200-day moving averages. Trading volume was exceptionally light at about 146 shares, compared with an average of nearly 20,000.
• The fund paid a quarterly dividend of $0.1513, equivalent to an annualized $0.61 payout and a 1.2% yield, reflecting a recent dividend reduction.
• Several institutional investors increased or initiated positions in FPA, while the ETF continues to target 100 growth- and value-oriented stocks across Asia-Pacific markets excluding Japan.

Shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA - ) were up 0.9% on Thursday . The stock traded as high as $50.34 and last traded at $50.1750. Approximately 146 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 19,966 shares. The stock had previously closed at $49.71.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Up 0.9%

The business has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $49.34. The firm has a market cap of $112.89 million, a P/E ratio of 10.39 and a beta of 1.10.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FPA. Jane Street Group LLC purchased a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter worth about $850,000. Osaic Holdings Inc. purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter valued at approximately $130,000. Susquehanna International Group LLP boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% in the 3rd quarter. Susquehanna International Group LLP now owns 46,170 shares of the company's stock worth $1,725,000 after purchasing an additional 4,915 shares in the last quarter. Rathbones Group PLC boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.7% in the 4th quarter. Rathbones Group PLC now owns 36,869 shares of the company's stock worth $1,378,000 after purchasing an additional 3,872 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth approximately $319,000.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Company Profile

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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