First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Reaches New 12-Month High - Still a Buy?

Key Points

• Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) hit a new 52-week high of $33.64, last trading at $33.59 on a volume of about 203,847 shares.
• The fund has a market capitalization of $758.25 million, a P/E of 9.20, and is trading above its 50-day ($31.05) and 200-day ($29.10) moving averages.
• FEM paid a quarterly dividend of $0.0334 on March 31 (ex-dividend March 26), equal to an annualized $0.13 and a 0.4% yield.

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - ) hit a new 52-week high on Wednesday . The stock traded as high as $33.64 and last traded at $33.59, with a volume of 203847 shares changing hands. The stock had previously closed at $33.51.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.6%

The firm has a 50-day moving average of $31.05 and a two-hundred day moving average of $29.10. The company has a market capitalization of $758.25 million, a PE ratio of 9.20 and a beta of 0.62.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm 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. The ex-dividend date was Thursday, March 26th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FEM. Smartleaf Asset Management LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% in 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 in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at approximately $45,000. Geneos Wealth Management Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in 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 in the last quarter. Rossby Financial LCC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% in 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 in the last quarter. Finally, MidFirst Bank acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth approximately $63,000.

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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