First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Shares Up 1.9% – Still a Buy?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) traded up 1.9% during trading on Thursday . The stock traded as high as $48.18 and last traded at $48.15. 19,554 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 23,514 shares. The stock had previously closed at $47.24.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

The stock has a 50-day simple moving average of $52.39 and a two-hundred day simple moving average of $48.13. The firm has a market cap of $108.34 million, a PE ratio of 10.39 and a beta of 1.06.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1513 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP boosted its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% in the third 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 during the last quarter. Rathbones Group PLC lifted its holdings in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% during the 1st quarter. Rathbones Group PLC now owns 42,208 shares of the company’s stock valued at $1,835,000 after buying an additional 5,339 shares during the period. Jane Street Group LLC purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth $850,000. Finally, Osaic Holdings Inc. purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth $130,000.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

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.