First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Hits New 52-Week High – Should You Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) shares reached a new 52-week high on Friday . The stock traded as high as $33.02 and last traded at $33.0360, with a volume of 10183 shares traded. The stock had previously closed at $32.47.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The firm’s 50 day moving average price is $30.55 and its two-hundred day moving average price is $28.61. The stock has a market cap of $721.82 million, a PE ratio of 9.20 and a beta of 0.58.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0334 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently modified their holdings of FEM. NewEdge Advisors LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at approximately $165,000. Jones Financial Companies Lllp boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 39.2% in the first quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company’s stock valued at $180,000 after acquiring an additional 2,210 shares during the period. Raymond James Financial Inc. boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 32.8% in the second quarter. Raymond James Financial Inc. now owns 374,921 shares of the company’s stock valued at $9,208,000 after acquiring an additional 92,616 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.9% in the second quarter. Bank of America Corp DE now owns 1,054,665 shares of the company’s stock valued at $25,903,000 after acquiring an additional 29,240 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 19.5% in the second quarter. Benjamin Edwards Inc. now owns 63,643 shares of the company’s stock valued at $1,563,000 after acquiring an additional 10,384 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.