First Trust China AlphaDEX Fund (NASDAQ:FCA) Trading Up 1.9% – Should You Buy?

Posted by Karen Miller on Nov 17th, 2024

First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Free Report)’s share price shot up 1.9% during trading on Friday . The stock traded as high as $19.46 and last traded at $19.46. 2,791 shares changed hands during trading, a decline of 52% from the average session volume of 5,872 shares. The stock had previously closed at $19.10.

First Trust China AlphaDEX Fund Price Performance

The stock has a market capitalization of $8.76 million, a price-to-earnings ratio of 4.20 and a beta of 0.57. The business has a 50 day simple moving average of $20.05 and a 200-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. Stockholders of record on Thursday, September 26th were issued a $0.5414 dividend. This represents a $2.17 annualized dividend and a dividend yield of 11.13%. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.37.

Institutional Investors 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 purchased a new stake in First Trust China AlphaDEX Fund (NASDAQ:FCA – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,120 shares of the company’s stock, valued at approximately $276,000. Integrated Wealth Concepts LLC owned approximately 2.92% of First Trust China AlphaDEX Fund at the end of the most recent reporting period.

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.