First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Trading Up 0.5% – Time to Buy?

First Trust Japan AlphaDEX Fund (NASDAQ:FJP)’s share price was up 0.5% during mid-day trading on Friday . The company traded as high as $71.34 and last traded at $70.79. Approximately 13,233 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 11,248 shares. The stock had previously closed at $70.47.

First Trust Japan AlphaDEX Fund Price Performance

The business has a 50 day simple moving average of $67.95 and a 200 day simple moving average of $65.21. The company has a market capitalization of $290.24 million, a price-to-earnings ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $1.3356 per share. The ex-dividend date was Friday, December 12th. This represents a $5.34 dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of First Trust Japan AlphaDEX Fund

Large investors have recently modified their holdings of the stock. Holistic Financial Partners raised its position in First Trust Japan AlphaDEX Fund by 0.7% in the 4th quarter. Holistic Financial Partners now owns 67,471 shares of the company’s stock valued at $4,532,000 after purchasing an additional 491 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Japan AlphaDEX Fund by 5.7% during the third quarter. Raymond James Financial Inc. now owns 42,468 shares of the company’s stock worth $2,767,000 after buying an additional 2,272 shares during the period. Barometer Capital Management Inc. acquired a new stake in First Trust Japan AlphaDEX Fund in the third quarter valued at approximately $293,000. Rathbones Group PLC lifted its stake in First Trust Japan AlphaDEX Fund by 28.8% in the third quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock worth $7,011,000 after acquiring an additional 24,059 shares during the last quarter. Finally, US Bancorp DE grew its holdings in First Trust Japan AlphaDEX Fund by 68.0% during the 3rd quarter. US Bancorp DE now owns 8,835 shares of the company’s stock worth $576,000 after acquiring an additional 3,576 shares in the last quarter.

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.