First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Down 0.2% – Here’s What Happened

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) dropped 0.2% during trading on Tuesday . The stock traded as low as $24.66 and last traded at $24.74. Approximately 56,559 shares traded hands during trading, a decline of 15% from the average daily volume of 66,860 shares. The stock had previously closed at $24.78.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.2%

The company has a market capitalization of $419.34 million, a price-to-earnings ratio of 9.20 and a beta of 0.85. The stock’s fifty day moving average price is $24.16 and its 200-day moving average price is $22.98.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.3239 dividend. The ex-dividend date was Thursday, June 26th. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.04. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.24%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FEM. Traction Financial Partners LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $226,000. Park Avenue Securities LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $951,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $51,000. Jones Financial Companies Lllp boosted its position in First Trust Emerging Markets AlphaDEX Fund by 39.2% during the first quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company’s stock worth $180,000 after purchasing an additional 2,210 shares during the period. Finally, Pinnacle Family Advisors LLC boosted its position in First Trust Emerging Markets AlphaDEX Fund by 6.5% during the first quarter. Pinnacle Family Advisors LLC now owns 10,025 shares of the company’s stock worth $229,000 after purchasing an additional 609 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Company Profile

The First Trust Emerging Markets AlphaDEX Fund (FEM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM index. The fund tracks an index of emerging markets companies selected using a quantitative methodology and weighted in tiers. FEM was launched on Apr 18, 2011 and is managed by First Trust.