First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Down 1.1% – Here’s Why

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s share price fell 1.1% during mid-day trading on Wednesday . The company traded as low as $53.70 and last traded at $53.70. 5,978 shares traded hands during trading, a decline of 57% from the average session volume of 13,794 shares. The stock had previously closed at $54.30.

First Trust Japan AlphaDEX Fund Trading Down 1.1 %

The company has a market capitalization of $201.38 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The stock’s fifty day simple moving average is $52.53 and its 200-day simple moving average is $52.27.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors Inc. raised its holdings in shares of First Trust Japan AlphaDEX Fund by 0.8% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 33,299 shares of the company’s stock valued at $1,807,000 after purchasing an additional 258 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of First Trust Japan AlphaDEX Fund by 5.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,004 shares of the company’s stock valued at $258,000 after purchasing an additional 276 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of First Trust Japan AlphaDEX Fund by 10.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 4,305 shares of the company’s stock valued at $234,000 after purchasing an additional 410 shares in the last quarter. Truist Financial Corp raised its holdings in shares of First Trust Japan AlphaDEX Fund by 2.1% in the 2nd quarter. Truist Financial Corp now owns 21,290 shares of the company’s stock valued at $1,097,000 after purchasing an additional 440 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Japan AlphaDEX Fund in the 3rd quarter valued at $27,000.

First Trust Japan AlphaDEX Fund Company Profile

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.