First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Price Down 0.5% – Here’s Why

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) shares were down 0.5% during trading on Tuesday . The stock traded as low as $66.33 and last traded at $66.6560. Approximately 5,162 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 15,126 shares. The stock had previously closed at $67.00.

First Trust Japan AlphaDEX Fund Trading Down 0.5%

The firm has a market capitalization of $203.30 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. The firm has a 50 day moving average price of $65.53 and a two-hundred day moving average price of $60.96.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FJP. Rossby Financial LCC acquired a new position in First Trust Japan AlphaDEX Fund during the 1st quarter worth approximately $31,000. Moser Wealth Advisors LLC acquired a new position in First Trust Japan AlphaDEX Fund during the 2nd quarter worth approximately $70,000. Harbour Investments Inc. raised its position in shares of First Trust Japan AlphaDEX Fund by 5.9% in the 1st quarter. Harbour Investments Inc. now owns 3,538 shares of the company’s stock valued at $194,000 after purchasing an additional 198 shares in the last quarter. BlueChip Wealth Advisors LLC acquired a new position in shares of First Trust Japan AlphaDEX Fund in the 2nd quarter valued at approximately $207,000. Finally, FSB Premier Wealth Management Inc. acquired a new position in shares of First Trust Japan AlphaDEX Fund in the 1st quarter valued at approximately $208,000.

About First Trust Japan AlphaDEX Fund

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.