First Trust Germany AlphaDEX Fund (NASDAQ:FGM) Stock Falls 0.4% – Time to Sell?

First Trust Germany AlphaDEX Fund (NASDAQ:FGM)’s share price was down 0.4% on Wednesday. The stock traded as low as $59.79 and last traded at $59.7860. Approximately 118 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 15,517 shares. The stock had previously closed at $60.01.

First Trust Germany AlphaDEX Fund Price Performance

The company has a market cap of $76.69 million, a P/E ratio of 14.56 and a beta of 0.98. The company has a 50 day moving average of $59.56 and a 200-day moving average of $63.10.

First Trust Germany AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust Germany AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP bought a new stake in First Trust Germany AlphaDEX Fund in the third quarter valued at $57,749,000. Cottonwood Capital Advisors LLC increased its position in First Trust Germany AlphaDEX Fund by 1.7% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 20,782 shares of the company’s stock valued at $1,230,000 after purchasing an additional 341 shares during the period. Genesee Capital Advisors LLC purchased a new position in First Trust Germany AlphaDEX Fund during the 3rd quarter valued at $541,000. Finally, Cetera Investment Advisers purchased a new position in First Trust Germany AlphaDEX Fund during the 1st quarter valued at $280,000.

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.