First Trust China AlphaDEX Fund (NASDAQ:FCA) Stock Price Down 0.4% – Here’s Why

First Trust China AlphaDEX Fund (NASDAQ:FCA) shares dropped 0.4% during trading on Friday. The company traded as low as $23.64 and last traded at $23.6220. 1,411 shares traded hands during trading, a decline of 97% from the average session volume of 41,321 shares. The stock had previously closed at $23.72.

First Trust China AlphaDEX Fund Price Performance

The company has a market capitalization of $27.17 million, a price-to-earnings ratio of 9.26 and a beta of 0.43. The business’s 50 day simple moving average is $25.95 and its 200 day simple moving average is $29.57.

First Trust China AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.8921 dividend. This represents a $3.57 dividend on an annualized basis and a yield of 15.1%. This is an increase from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.4019. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust China AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FCA. First Trust Advisors LP increased its stake in shares of First Trust China AlphaDEX Fund by 52.2% during the 1st quarter. First Trust Advisors LP now owns 2,038,422 shares of the company’s stock worth $63,884,000 after purchasing an additional 699,253 shares in the last quarter. Citadel Advisors LLC grew its holdings in First Trust China AlphaDEX Fund by 1,196.2% in the 2nd quarter. Citadel Advisors LLC now owns 89,362 shares of the company’s stock valued at $2,436,000 after buying an additional 82,468 shares during the period. Avestar Capital LLC increased its position in First Trust China AlphaDEX Fund by 101.5% during the third quarter. Avestar Capital LLC now owns 45,662 shares of the company’s stock worth $1,179,000 after purchasing an additional 23,000 shares during the last quarter. Genesee Capital Advisors LLC acquired a new stake in First Trust China AlphaDEX Fund during the third quarter worth about $460,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in First Trust China AlphaDEX Fund during the 2nd quarter worth approximately $355,000.

About First Trust China AlphaDEX Fund

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.