First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) Trading Down 3.4% – Here’s Why

First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) shares were down 3.4% during trading on Thursday . The stock traded as low as $10.32 and last traded at $10.32. Approximately 2,127 shares changed hands during trading, a decline of 28% from the average daily volume of 2,963 shares. The stock had previously closed at $10.68.

First Trust Brazil AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $10.91 and a 200 day moving average of $11.01. The stock has a market capitalization of $5.67 million, a price-to-earnings ratio of 7.54 and a beta of 1.02.

First Trust Brazil AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.136 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.27%. This is a boost from First Trust Brazil AlphaDEX Fund’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Brazil AlphaDEX Fund

A hedge fund recently raised its stake in First Trust Brazil AlphaDEX Fund stock. Jane Street Group LLC grew its position in First Trust Brazil AlphaDEX Fund (NASDAQ:FBZ) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,144 shares of the company’s stock after buying an additional 6,153 shares during the period. Jane Street Group LLC owned 7.30% of First Trust Brazil AlphaDEX Fund worth $454,000 as of its most recent SEC filing.

About First Trust Brazil AlphaDEX Fund

The First Trust Brazil AlphaDEX Fund (FBZ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index weighted in tiers and selected using growth and value factors. FBZ was launched on Apr 18, 2011 and is managed by First Trust.