First Trust China AlphaDEX Fund (NASDAQ:FCA) Shares Down 0.4% – Should You Sell?

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

First Trust China AlphaDEX Fund Stock Performance

The stock’s fifty day moving average is $25.95 and its two-hundred day moving average is $29.57. The firm has a market capitalization of $27.17 million, a price-to-earnings ratio of 9.26 and a beta of 0.43.

First Trust China AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP increased its holdings in 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 during the last quarter. Citadel Advisors LLC raised its position in shares of 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 purchasing an additional 82,468 shares in the last quarter. Avestar Capital LLC raised its position in shares of First Trust China AlphaDEX Fund by 101.5% in the 3rd quarter. Avestar Capital LLC now owns 45,662 shares of the company’s stock valued at $1,179,000 after purchasing an additional 23,000 shares in the last quarter. Genesee Capital Advisors LLC purchased a new position in shares of First Trust China AlphaDEX Fund during the 3rd quarter valued at approximately $460,000. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of First Trust China AlphaDEX Fund during the 2nd quarter valued at 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.