First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Down 0.2% - What's Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report)'s share price traded down 0.2% on Tuesday . The company traded as low as $24.66 and last traded at $24.74. 56,559 shares were traded during mid-day trading, a decline of 15% from the average session volume of 66,860 shares. The stock had previously closed at $24.78.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The firm has a market cap of $420.36 million, a PE ratio of 9.20 and a beta of 0.85. The stock has a 50 day simple moving average of $24.20 and a two-hundred day simple moving average of $22.99.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.3239 per share. This is a boost from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $1.30 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth approximately $5,916,000. Commonwealth Equity Services LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 33.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 69,240 shares of the company's stock valued at $1,525,000 after purchasing an additional 17,290 shares during the period. Virtu Financial LLC acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth approximately $206,000. Orion Portfolio Solutions LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 5.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 38,095 shares of the company's stock worth $839,000 after purchasing an additional 2,013 shares in the last quarter. Finally, Tucker Asset Management LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 23.3% during the fourth quarter. Tucker Asset Management LLC now owns 3,241 shares of the company's stock valued at $71,000 after acquiring an additional 612 shares during the period.

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.