First Trust China AlphaDEX Fund (NASDAQ:FCA) Trading Down 0.4% – Should You Sell?

First Trust China AlphaDEX Fund (NASDAQ:FCA) dropped 0.4% during trading on Tuesday . The stock traded as low as $30.07 and last traded at $30.10. Approximately 17,270 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 46,952 shares. The stock had previously closed at $30.22.

First Trust China AlphaDEX Fund Trading Down 0.4%

The company has a market cap of $102.34 million, a P/E ratio of 9.26 and a beta of 0.40. The business has a 50 day moving average price of $32.16 and a 200-day moving average price of $31.37.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FCA. Jane Street Group LLC bought a new stake in shares of First Trust China AlphaDEX Fund during the 1st quarter worth approximately $3,046,000. StoneX Group Inc. bought a new stake in shares of First Trust China AlphaDEX Fund during the 2nd quarter worth approximately $204,000. Avestar Capital LLC raised its stake in shares of First Trust China AlphaDEX Fund by 33.1% during the 3rd quarter. Avestar Capital LLC now owns 20,440 shares of the company’s stock worth $592,000 after purchasing an additional 5,084 shares in the last quarter. First Trust Advisors LP raised its stake in shares of First Trust China AlphaDEX Fund by 24.0% during the 3rd quarter. First Trust Advisors LP now owns 1,350,552 shares of the company’s stock worth $39,125,000 after purchasing an additional 261,148 shares in the last quarter. Finally, GeoWealth Management LLC bought a new stake in shares of First Trust China AlphaDEX Fund during the 3rd quarter worth approximately $587,000.

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.