First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading Up 0.3% – Time to Buy?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s stock price shot up 0.3% during trading on Monday . The stock traded as high as $43.36 and last traded at $43.07. 3,361 shares traded hands during trading, an increase of 52% from the average session volume of 2,204 shares. The stock had previously closed at $42.96.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Up 0.3%

The company has a market cap of $28.00 million, a PE ratio of 10.39 and a beta of 0.97. The company has a 50-day moving average of $38.69 and a 200-day moving average of $37.80.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $1.0012 dividend. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.00 annualized dividend and a yield of 9.3%.

Institutional Trading of First Trust Asia Pacific ex-Japan AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Synergy Asset Management LLC increased its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 100.0% during the third quarter. Synergy Asset Management LLC now owns 79,762 shares of the company’s stock valued at $2,850,000 after buying an additional 39,881 shares during the period. GeoWealth Management LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at $1,348,000. Jane Street Group LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at $850,000. Waverton Investment Management Ltd raised its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% in the 3rd quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock worth $6,782,000 after purchasing an additional 12,090 shares in the last quarter. Finally, Walker Asset Management LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth about $221,000.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

The First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that mostly invests in total market equity. The fund selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors. FPA was launched on Apr 18, 2011 and is managed by First Trust.