First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Raises Dividend to $0.28 Per Share

Key Points

• FEM raised its quarterly dividend by 50%, from $0.19 to $0.2849 per share. Shareholders of record September 24 will receive payment on September 30, with an annualized yield of approximately 3.5%.
• Shares opened at $32.58 and were down 0.5%, while the fund’s market capitalization stood at approximately $809.7 million.
• Several institutional investors increased their holdings during the second quarter, including Integrated Wealth Concepts, which raised its stake by 141.8%, and NewEdge Advisors, which increased its position by more than 4,300%.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.2849 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, September 24th. This is a 50.0% increase from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.19.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.5%

Shares of FEM opened at $32.58 on Thursday. The firm has a market cap of $809.71 million, a PE ratio of 9.20 and a beta of 0.61. The company's fifty day moving average is $32.35 and its two-hundred day moving average is $31.94. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $25.85 and a fifty-two week high of $35.61.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 7.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,854 shares of the company's stock worth $571,000 after acquiring an additional 1,240 shares in the last quarter. Envestnet Asset Management Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 875,590 shares of the company's stock valued at $28,010,000 after buying an additional 26,228 shares during the period. Integrated Wealth Concepts LLC grew its stake in First Trust Emerging Markets AlphaDEX Fund by 141.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 58,953 shares of the company's stock valued at $1,886,000 after acquiring an additional 34,577 shares in the last quarter. NewEdge Advisors LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 4,381.1% during the second quarter. NewEdge Advisors LLC now owns 18,731 shares of the company's stock valued at $599,000 after purchasing an additional 18,313 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in First Trust Emerging Markets AlphaDEX Fund by 8.4% in the 2nd quarter. IFP Advisors Inc now owns 117,309 shares of the company's stock worth $3,753,000 after buying an additional 9,135 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.

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