First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) shares fell 0% during trading on Wednesday. The stock traded as low as $57.93 and last traded at $57.9310. Approximately 478 shares were traded during mid-day trading, a decline of 95% from the average session volume of 10,255 shares. The stock had previously closed at $57.95.
First Trust Germany AlphaDEX Fund Stock Performance
The company has a 50-day simple moving average of $61.07 and a two-hundred day simple moving average of $63.09. The firm has a market capitalization of $87.39 million, a P/E ratio of 13.97 and a beta of 0.95.
First Trust Germany AlphaDEX Fund Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1906 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, September 24th. This is a drop from First Trust Germany AlphaDEX Fund’s previous quarterly dividend of $0.8422.
Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FGM. Cetera Investment Advisers purchased a new position in First Trust Germany AlphaDEX Fund during the first quarter valued at $280,000. Genesee Capital Advisors LLC bought a new stake in shares of First Trust Germany AlphaDEX Fund during the 3rd quarter valued at $541,000. Cottonwood Capital Advisors LLC grew its position in shares of First Trust Germany AlphaDEX Fund by 1.7% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,782 shares of the company’s stock worth $1,230,000 after buying an additional 341 shares during the period. Finally, First Trust Advisors LP grew its position in shares of First Trust Germany AlphaDEX Fund by 52.6% in the 1st quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock worth $55,522,000 after buying an additional 318,845 shares during the period.
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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