First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading 0.7% Higher – Should You Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Free Report) traded up 0.7% during trading on Tuesday . The company traded as high as $22.79 and last traded at $22.71. 58,257 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 60,861 shares. The stock had previously closed at $22.55.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.7 %

The stock’s 50 day moving average is $22.97 and its two-hundred day moving average is $23.43. The company has a market capitalization of $417.91 million, a PE ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3247 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24. This represents a $1.30 dividend on an annualized basis and a yield of 5.72%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 8.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 450,578 shares of the company’s stock valued at $10,066,000 after purchasing an additional 33,577 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 7.8% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,820 shares of the company’s stock valued at $283,000 after purchasing an additional 860 shares during the last quarter. MML Investors Services LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 31.7% in the 3rd quarter. MML Investors Services LLC now owns 32,100 shares of the company’s stock valued at $769,000 after purchasing an additional 7,725 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 15.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,082 shares of the company’s stock valued at $865,000 after purchasing an additional 4,929 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 63.7% in the 3rd quarter. Jane Street Group LLC now owns 102,608 shares of the company’s stock valued at $2,458,000 after purchasing an additional 39,918 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

(Get Free Report)

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.

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