First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw an uptick in trading volume on Monday . 102,950 shares changed hands during trading, a decline of 34% from the previous session’s volume of 155,289 shares.The stock last traded at $31.9450 and had previously closed at $32.12.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.5%

The company has a market cap of $702.86 million, a P/E ratio of 9.20 and a beta of 0.58. The company’s 50-day moving average is $30.37 and its two-hundred day moving average is $28.51.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0334 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.13 annualized dividend and a yield of 0.4%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 371.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the period. Sound Income Strategies LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at about $45,000. Geneos Wealth Management Inc. grew its position in First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after buying an additional 408 shares during the period. Rossby Financial LCC grew its position in First Trust Emerging Markets AlphaDEX Fund by 34.7% during the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock valued at $61,000 after buying an additional 580 shares during the period. Finally, MidFirst Bank bought a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at about $63,000.

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.