First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Trading Down 6.1% – Time to Sell?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA)’s share price was down 6.1% during mid-day trading on Tuesday . The stock traded as low as $52.67 and last traded at $53.08. 12,926 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 25,982 shares. The stock had previously closed at $56.54.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

The stock’s 50-day moving average is $52.75 and its 200 day moving average is $46.28. The stock has a market capitalization of $132.70 million, a PE ratio of 10.39 and a beta of 1.05.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.4187 dividend. This represents a $1.67 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FPA. Osaic Holdings Inc. acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter worth about $130,000. Jane Street Group LLC acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at about $850,000. Rathbones Group PLC boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% in the 3rd quarter. Rathbones Group PLC now owns 32,997 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,093 shares during the period. Susquehanna International Group LLP grew its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% during the 3rd quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock worth $1,725,000 after buying an additional 4,915 shares during the last quarter. Finally, Waverton Investment Management Ltd grew its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% during the 3rd quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock worth $6,782,000 after buying an additional 12,090 shares during the last quarter.

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.