First Trust China AlphaDEX Fund (NASDAQ:FCA) Shares Up 1.4% – Here’s Why

First Trust China AlphaDEX Fund (NASDAQ:FCA)’s share price rose 1.4% on Thursday . The company traded as high as $20.28 and last traded at $20.22. Approximately 1,636 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 24,414 shares. The stock had previously closed at $19.93.

First Trust China AlphaDEX Fund Stock Up 0.3 %

The company has a 50 day moving average price of $19.94 and a 200-day moving average price of $19.62. The company has a market cap of $45.79 million, a price-to-earnings ratio of 4.20 and a beta of 0.57.

First Trust China AlphaDEX Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.022 dividend. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust China AlphaDEX Fund during the third quarter valued at about $276,000. Avestar Capital LLC acquired a new position in First Trust China AlphaDEX Fund during the 4th quarter worth approximately $308,000. Finally, Raymond James Financial Inc. bought a new position in First Trust China AlphaDEX Fund in the fourth quarter worth approximately $688,000.

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.