First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.1906 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 24th.
First Trust Germany AlphaDEX Fund Trading Down 0.5%
NASDAQ FGM opened at $60.62 on Thursday. The stock has a market capitalization of $93.96 million, a price-to-earnings ratio of 13.97 and a beta of 0.95. The stock has a 50-day moving average of $63.11 and a 200 day moving average of $63.38. First Trust Germany AlphaDEX Fund has a twelve month low of $54.50 and a twelve month high of $71.12.
Institutional Trading of First Trust Germany AlphaDEX Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers purchased a new position in First Trust Germany AlphaDEX Fund during the 1st quarter worth approximately $280,000. Cottonwood Capital Advisors LLC lifted its stake in First Trust Germany AlphaDEX Fund by 4.8% in the first quarter. Cottonwood Capital Advisors LLC now owns 19,998 shares of the company’s stock valued at $1,200,000 after buying an additional 919 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in First Trust Germany AlphaDEX Fund by 52.6% in the first quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock valued at $55,522,000 after buying an additional 318,845 shares during the last quarter.
About First Trust Germany AlphaDEX Fund
The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.
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