First Trust China AlphaDEX Fund (NASDAQ:FCA) Trading 1.9% Higher – Here’s Why

Posted by Brian Himes on Nov 16th, 2024

First Trust China AlphaDEX Fund (NASDAQ:FCA – Get Free Report) was up 1.9% during trading on Friday . The company traded as high as $19.46 and last traded at $19.46. Approximately 2,791 shares changed 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 Stock Performance

The company has a market capitalization of $8.76 million, a PE ratio of 4.20 and a beta of 0.57. The company’s 50-day moving average is $20.05 and its 200 day moving average is $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 dividend of $0.5414 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust China AlphaDEX Fund’s previous quarterly dividend of $0.37.

Institutional Trading of First Trust China AlphaDEX Fund

An institutional investor recently bought a new position in First Trust China AlphaDEX Fund stock. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust China AlphaDEX Fund (NASDAQ:FCA – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 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 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.