First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading activity: About 102,950 shares changed hands on Monday (down from 155,289 the prior session), with the fund last trading near $31.95, roughly flat on the day.
• Dividend update: The fund paid a quarterly dividend of $0.0334 (annualized $0.13), implying a yield of about 0.4%.
• Institutional flows: Several hedge funds and advisors added small stakes in recent quarters, but purchases were modest (individual holdings reported in the tens of thousands of dollars, largest ~$63k).

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - ) saw unusually-strong trading volume on Monday . Approximately 102,950 shares were traded during mid-day trading, a decline of 34% from the previous session's volume of 155,289 shares.The stock last traded at $31.9450 and had previously closed at $32.12.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.1%

The company has a 50-day moving average price of $30.25 and a two-hundred day moving average price of $28.43. The stock has a market capitalization of $696.27 million, a P/E ratio of 9.20 and a beta of 0.58.

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 of this dividend was Thursday, March 26th. This represents a $0.13 annualized dividend and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FEM. Smartleaf Asset Management LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 939 shares of the company's stock worth $26,000 after acquiring an additional 740 shares in the last quarter. Sound Income Strategies LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at about $45,000. Geneos Wealth Management Inc. increased its position in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd 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 First Trust Emerging Markets AlphaDEX Fund by 34.7% in the 3rd 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 bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at about $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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