First Trust China AlphaDEX Fund (NASDAQ:FCA) Trading 1.9% Higher – Still a Buy?

Posted by Lauren Steadman on Nov 16th, 2024

First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Free Report) was up 1.9% during mid-day trading on Friday . The stock traded as high as $19.46 and last traded at $19.46. Approximately 2,791 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 5,872 shares. The stock had previously closed at $19.10.

First Trust China AlphaDEX Fund Trading Up 1.9 %

The stock has a market cap of $8.76 million, a PE ratio of 4.20 and a beta of 0.57. The firm has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $19.90.

First Trust China AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.5414 dividend. This is a boost from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.37. This represents a $2.17 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date was Thursday, September 26th.

Hedge Funds Weigh In On First Trust China AlphaDEX Fund

An institutional investor recently bought a new position in First Trust China AlphaDEX Fund stock. Integrated Wealth Concepts LLC bought a new stake in First Trust China AlphaDEX Fund (NASDAQ:FCA – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,120 shares of the company’s stock, valued at approximately $276,000. Integrated Wealth Concepts LLC owned 2.92% of First Trust China AlphaDEX Fund as of its most recent SEC filing.

About First Trust China AlphaDEX Fund

(Get Free Report)

The First Trust China AlphaDEX Fund (FCA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX China index. The fund tracks the Defined China Index. The alpha-seeking index employs a quantitative methodology to select stocks based on both value and growth factors. FCA was launched on Apr 18, 2011 and is managed by First Trust.