First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Trading at $57.93

First Trust Germany AlphaDEX Fund (NASDAQ:FGM) fell 0% during mid-day trading on Wednesday. The stock traded as low as $57.93 and last traded at $57.9310. Approximately 478 shares changed hands during trading, a decline of 95% from the average session volume of 10,255 shares. The stock had previously closed at $57.95.

First Trust Germany AlphaDEX Fund Price Performance

The firm has a market capitalization of $89.79 million, a price-to-earnings ratio of 13.97 and a beta of 0.95. The business’s fifty day simple moving average is $61.20 and its 200 day simple moving average is $63.11.

First Trust Germany AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1906 per share. This is a decrease from First Trust Germany AlphaDEX Fund’s previous quarterly dividend of $0.8422. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Germany AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cottonwood Capital Advisors LLC grew its stake in shares of First Trust Germany AlphaDEX Fund by 1.7% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,782 shares of the company’s stock valued at $1,230,000 after buying an additional 341 shares during the period. Cetera Investment Advisers bought a new stake in First Trust Germany AlphaDEX Fund in the 1st quarter valued at about $280,000. Genesee Capital Advisors LLC acquired a new position in First Trust Germany AlphaDEX Fund during the 3rd quarter worth approximately $541,000. Finally, First Trust Advisors LP raised its stake in First Trust Germany AlphaDEX Fund by 52.6% during the 1st quarter. First Trust Advisors LP now owns 925,098 shares of the company’s stock worth $55,522,000 after buying an additional 318,845 shares during the period.

About First Trust Germany AlphaDEX Fund

The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Germany index. The fund tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P’s AlphaDex selection methodology. FGM was launched on Feb 14, 2012 and is managed by First Trust.