First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Up 1.1% – Here’s What Happened

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) traded up 1.1% during mid-day trading on Monday . The company traded as high as $80.04 and last traded at $79.61. Approximately 9,689 shares traded hands during trading, a decline of 19% from the average session volume of 12,001 shares. The stock had previously closed at $78.75.

First Trust Japan AlphaDEX Fund Stock Performance

The firm’s fifty day simple moving average is $76.51 and its 200 day simple moving average is $74.01. The stock has a market capitalization of $250.15 million, a price-to-earnings ratio of 10.49 and a beta of 0.59.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its stake in First Trust Japan AlphaDEX Fund by 82.3% in the 1st quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after purchasing an additional 167 shares during the period. Parallel Advisors LLC acquired a new stake in shares of First Trust Japan AlphaDEX Fund in the 1st quarter valued at about $74,000. Mariner LLC acquired a new stake in shares of First Trust Japan AlphaDEX Fund in the 4th quarter valued at about $217,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 5.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock valued at $227,000 after purchasing an additional 182 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 8.8% in the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock valued at $247,000 after purchasing an additional 333 shares in 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.