First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Reaches New 12-Month High - What's Next?

Key Points

• FEM hit a new 52-week high, trading as high as $33.02 (last $33.036) on Friday and was up about 1.4% with volume around 10,183 shares.
• The fund recently paid a quarterly dividend of $0.0334 per share (annualized $0.13, ~0.4% yield), with an ex-dividend date of March 26 and payment on March 31.
• Institutional interest has increased modestly, with several firms (e.g., Smartleaf, Sound Income Strategies, Geneos Wealth, Rossby Financial, MidFirst Bank) adding or initiating positions in FEM.

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - ) hit a new 52-week high during mid-day trading on Friday . The company 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 Trading Up 1.4%

The stock has a 50-day simple moving average of $30.49 and a 200-day simple moving average of $28.56. The company has a market cap of $720.82 million, a price-to-earnings ratio of 9.20 and a beta of 0.58.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company's stock worth $26,000 after purchasing an additional 740 shares during the period. Sound Income Strategies LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at $45,000. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during 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 grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% during 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 purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at $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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