First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Stock Price Down 3.7% – What’s Next?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s share price dropped 3.7% during trading on Friday . The stock traded as low as $51.82 and last traded at $52.49. Approximately 9,803 shares changed hands during trading, a decline of 65% from the average daily volume of 28,394 shares. The stock had previously closed at $54.48.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

The stock has a market cap of $131.23 million, a price-to-earnings ratio of 10.39 and a beta of 1.03. The company’s 50 day simple moving average is $47.37 and its 200 day simple moving average is $43.20.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.4187 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.67 annualized dividend and a yield of 3.2%.

Hedge Funds Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Large investors have recently bought and sold shares of the stock. Rathbones Group PLC increased its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% during the 3rd quarter. Rathbones Group PLC now owns 32,997 shares of the company’s stock valued at $1,233,000 after buying an additional 1,093 shares during the period. Susquehanna International Group LLP boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% during the 3rd quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock valued at $1,725,000 after purchasing an additional 4,915 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at about $850,000. Osaic Holdings Inc. bought a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at about $130,000. Finally, Waverton Investment Management Ltd boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% during the 3rd quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock valued at $6,782,000 after purchasing an additional 12,090 shares in the last quarter.

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.