First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) Trading Down 3.4% – Time to Sell?

First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ)’s stock price was down 3.4% during mid-day trading on Thursday . The stock traded as low as $10.32 and last traded at $10.32. Approximately 2,127 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 2,963 shares. The stock had previously closed at $10.68.

First Trust Brazil AlphaDEX Fund Trading Down 3.4 %

The business has a 50-day moving average price of $10.91 and a 200-day moving average price of $11.01. The firm has a market cap of $5.67 million, a P/E ratio of 7.54 and a beta of 1.02.

First Trust Brazil AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.136 dividend. This represents a $0.54 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Brazil AlphaDEX Fund’s previous quarterly dividend of $0.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Brazil AlphaDEX Fund stock. Flow Traders U.S. LLC lifted its holdings in shares of First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) by 15.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 86,071 shares of the company’s stock after acquiring an additional 11,292 shares during the period. Flow Traders U.S. LLC owned approximately 15.65% of First Trust Brazil AlphaDEX Fund worth $974,000 at the end of the most recent quarter.

First Trust Brazil AlphaDEX Fund Company Profile

The First Trust Brazil AlphaDEX Fund (FBZ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index weighted in tiers and selected using growth and value factors. FBZ was launched on Apr 18, 2011 and is managed by First Trust.