First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Up 1.1% – Here’s What Happened

First Trust Japan AlphaDEX Fund (NASDAQ:FJP – Get Free Report) shot up 1.1% during mid-day trading on Monday . The company traded as high as $80.04 and last traded at $79.61. 9,689 shares were traded during trading, a decline of 19% from the average session volume of 12,001 shares. The stock had previously closed at $78.75.

First Trust Japan AlphaDEX Fund Trading Up 1.1%

The firm has a market cap of $258.73 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. The stock’s 50 day moving average is $76.50 and its 200 day moving average is $73.94.

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First Trust Japan AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1139 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in First Trust Japan AlphaDEX Fund by 15.4% in the 4th quarter. LPL Financial LLC now owns 240,113 shares of the company’s stock valued at $16,130,000 after buying an additional 32,043 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 4.1% during the first quarter. Cetera Investment Advisers now owns 124,329 shares of the company’s stock worth $9,026,000 after buying an additional 4,903 shares in the last quarter. Rathbones Group PLC boosted its position in shares of First Trust Japan AlphaDEX Fund by 28.8% in the third quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after acquiring an additional 24,059 shares during the period. Assetmark Inc. boosted its position in shares of First Trust Japan AlphaDEX Fund by 2.0% in the fourth quarter. Assetmark Inc. now owns 86,895 shares of the company’s stock valued at $5,837,000 after acquiring an additional 1,731 shares during the period. Finally, Holistic Financial Partners boosted its position in shares of First Trust Japan AlphaDEX Fund by 0.7% in the fourth quarter. Holistic Financial Partners now owns 67,471 shares of the company’s stock valued at $4,532,000 after acquiring an additional 491 shares during the period.

About First Trust Japan AlphaDEX Fund

(Get Free Report)

The First Trust Japan AlphaDEX Fund (FJP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Japan index. The fund tracks a tiered equal-weighted index of Japanese equities selected using both growth and value screens. FJP was launched on Apr 18, 2011 and is managed by First Trust.

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