First Trust Emerging Markets AlphaDEX Fund Announces Quarterly Dividend of $0.03 (NASDAQ:FEM)

Key Points

• First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) declared a quarterly dividend of $0.0334 per share payable March 31 to shareholders of record March 26, with an ex-dividend date of March 26 and an annualized yield of about 0.4%.
• Shares opened at $30.08, trading in a 12‑month range of $19.74–$32.98, with a market cap of about $546 million, a P/E of 9.20, beta of 0.64, and 50-/200-day simple moving averages near $30.05 and $28.14 respectively.
• Several institutional investors boosted positions recently—LPL Financial, UBS, Private Advisor Group and Raymond James all increased their holdings in FEM across recent quarters.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) announced a quarterly dividend on Wednesday, March 25th. Investors of record on Thursday, March 26th will be given a dividend of 0.0334 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, March 26th.

First Trust Emerging Markets AlphaDEX Fund Trading Up 2.6%

Shares of First Trust Emerging Markets AlphaDEX Fund stock opened at $30.08 on Thursday. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $19.74 and a 12-month high of $32.98. The company has a market cap of $545.95 million, a P/E ratio of 9.20 and a beta of 0.64. The company's fifty day simple moving average is $30.05 and its two-hundred day simple moving average is $28.14.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 9.7% during the 4th quarter. LPL Financial LLC now owns 1,375,536 shares of the company's stock worth $37,621,000 after acquiring an additional 122,038 shares during the period. UBS Group AG grew its stake in First Trust Emerging Markets AlphaDEX Fund by 21.7% in the third quarter. UBS Group AG now owns 641,416 shares of the company's stock worth $17,382,000 after purchasing an additional 114,386 shares during the period. Private Advisor Group LLC raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 54.5% in the fourth quarter. Private Advisor Group LLC now owns 277,185 shares of the company's stock worth $7,581,000 after purchasing an additional 97,722 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust Emerging Markets AlphaDEX Fund by 32.8% during the second quarter. Raymond James Financial Inc. now owns 374,921 shares of the company's stock valued at $9,208,000 after buying an additional 92,616 shares during the period. Finally, VestGen Advisors LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at $1,196,000.

About First Trust Emerging Markets AlphaDEX Fund

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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