First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Shares Down 0.6% – Time to Sell?

First Trust Germany AlphaDEX Fund (NASDAQ:FGMGet Free Report) was down 0.6% during trading on Monday . The company traded as low as $62.92 and last traded at $63.19. Approximately 1,533 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 12,239 shares. The stock had previously closed at $63.58.

First Trust Germany AlphaDEX Fund Stock Down 0.6%

The firm has a market capitalization of $97.94 million, a PE ratio of 13.97 and a beta of 0.95. The business’s fifty day moving average price is $63.44 and its 200 day moving average price is $64.33.

First Trust Germany AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.8422 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $3.37 annualized dividend and a yield of 5.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of First Trust Germany AlphaDEX Fund during the third quarter worth approximately $57,000. Transamerica Financial Advisors LLC grew its position in First Trust Germany AlphaDEX Fund by 38,572.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 4,254 shares of the company’s stock valued at $240,000 after buying an additional 4,243 shares during the last quarter. Cetera Investment Advisers purchased a new position in First Trust Germany AlphaDEX Fund in the 1st quarter valued at $280,000. StoneX Group Inc. increased its stake in First Trust Germany AlphaDEX Fund by 10.5% in the 4th quarter. StoneX Group Inc. now owns 4,895 shares of the company’s stock valued at $305,000 after buying an additional 465 shares during the period. Finally, Osaic Holdings Inc. acquired a new position in First Trust Germany AlphaDEX Fund in the 2nd quarter valued at $332,000.

About First Trust Germany AlphaDEX Fund

(Get Free Report)

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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