Shares of First Trust Germany AlphaDEX Fund (NASDAQ:FGM – Get Free Report) fell 0.6% during mid-day trading on Tuesday . The company traded as low as $62.35 and last traded at $62.95. 1,238 shares changed hands during trading, a decline of 92% from the average session volume of 16,419 shares. The stock had previously closed at $63.35.
First Trust Germany AlphaDEX Fund Price Performance
The stock has a 50-day simple moving average of $64.60 and a 200-day simple moving average of $63.98. The stock has a market cap of $114.44 million, a PE ratio of 13.97 and a beta of 0.94.
Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund
Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in First Trust Germany AlphaDEX Fund during the third quarter valued at about $57,000. Transamerica Financial Advisors LLC grew its position in First Trust Germany AlphaDEX Fund by 38,572.7% during the second quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock valued at $240,000 after acquiring an additional 4,243 shares during the period. Cetera Investment Advisers acquired a new position in shares of First Trust Germany AlphaDEX Fund during the first quarter worth about $280,000. StoneX Group Inc. lifted its stake in shares of First Trust Germany AlphaDEX Fund by 10.5% during the fourth quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock worth $305,000 after purchasing an additional 465 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new position in shares of First Trust Germany AlphaDEX Fund during the second quarter worth about $332,000.
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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