First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Up 0.9% – What’s Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) shot up 0.9% during mid-day trading on Wednesday . The stock traded as high as $25.56 and last traded at $25.52. 32,369 shares were traded during trading, a decline of 52% from the average session volume of 68,098 shares. The stock had previously closed at $25.30.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The company has a market capitalization of $435.12 million, a P/E ratio of 9.20 and a beta of 0.85. The company’s 50-day moving average price is $24.58 and its two-hundred day moving average price is $23.32.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.3239 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.04. This represents a $1.30 annualized dividend and a dividend yield of 5.1%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FEM. Rossby Financial LCC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth about $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth about $51,000. Ameritas Advisory Services LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth about $115,000. NBC Securities Inc. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 87,750.0% during the first quarter. NBC Securities Inc. now owns 5,271 shares of the company’s stock worth $120,000 after buying an additional 5,265 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 14.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company’s stock worth $165,000 after buying an additional 885 shares in the last quarter.

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.