First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Stock Price Up 1.9% – Here’s Why

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

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

The stock has a 50 day moving average price of $52.27 and a 200-day moving average price of $48.12. The stock has a market capitalization of $105.46 million, a price-to-earnings ratio of 10.39 and a beta of 1.06.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter valued at about $130,000. Rathbones Group PLC grew its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.7% in the 4th quarter. Rathbones Group PLC now owns 36,869 shares of the company’s stock valued at $1,378,000 after buying an additional 3,872 shares during the period. Susquehanna International Group LLP increased its holdings 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 worth $1,725,000 after buying an additional 4,915 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter valued at approximately $850,000.

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.