First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Stock Price Down 0.6% – Here’s Why

Shares of First Trust Germany AlphaDEX Fund (NASDAQ:FGM) traded down 0.6% during trading on Tuesday . The company traded as low as $62.35 and last traded at $62.95. 1,238 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 16,419 shares. The stock had previously closed at $63.35.

First Trust Germany AlphaDEX Fund Price Performance

The stock has a market cap of $113.31 million, a P/E ratio of 13.97 and a beta of 0.94. The business’s fifty day moving average price is $64.45 and its 200 day moving average price is $63.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of First Trust Germany AlphaDEX Fund in the third quarter worth about $57,000. Transamerica Financial Advisors LLC raised its holdings in First Trust Germany AlphaDEX Fund by 38,572.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock valued at $240,000 after buying an additional 4,243 shares during the last quarter. Cetera Investment Advisers bought a new position in First Trust Germany AlphaDEX Fund in the 1st quarter valued at approximately $280,000. StoneX Group Inc. raised its holdings in First Trust Germany AlphaDEX Fund by 10.5% in the 4th quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock valued at $305,000 after buying an additional 465 shares during the last quarter. Finally, Osaic Holdings Inc. bought a new position in First Trust Germany AlphaDEX Fund in the 2nd quarter valued at approximately $332,000.

About First Trust Germany AlphaDEX Fund

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.