First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Up 0.9% - Should You Buy?

Key Points

• Shares of the First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) increased by 0.9%, with a recent trading price of $25.52 compared to the previous close of $25.30.
• The fund announced a quarterly dividend of $0.3239 per share, a significant increase from its prior dividend, resulting in an annualized yield of 5.1%.
• Several hedge funds have made recent investments in FEM, with notable acquisitions including a new stake worth $115,000 from Ameritas Advisory Services LLC.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report)'s share price was up 0.9% on Wednesday . The stock traded as high as $25.56 and last traded at $25.52. Approximately 32,369 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 68,098 shares. The stock had previously closed at $25.30.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.7%

The company has a market cap of $440.57 million, a price-to-earnings ratio of 9.20 and a beta of 0.85. The company's fifty day moving average price is $24.70 and its two-hundred day moving average price is $23.39.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.3239 dividend. This represents a $1.30 annualized dividend and a dividend yield of 5.0%. This is a boost from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.04. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 64.1% in the fourth quarter. Bank of America Corp DE now owns 1,039,178 shares of the company's stock worth $22,892,000 after purchasing an additional 405,760 shares in the last quarter. Baird Financial Group Inc. bought a new stake in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth $421,000. Jane Street Group LLC raised its position in First Trust Emerging Markets AlphaDEX Fund by 46.6% during the fourth quarter. Jane Street Group LLC now owns 150,383 shares of the company's stock worth $3,313,000 after acquiring an additional 47,775 shares in the last quarter. Susquehanna International Group LLP raised its position in First Trust Emerging Markets AlphaDEX Fund by 25.6% during the fourth quarter. Susquehanna International Group LLP now owns 100,651 shares of the company's stock worth $2,217,000 after acquiring an additional 20,498 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 45.0% during the fourth quarter. Benjamin Edwards Inc. now owns 52,000 shares of the company's stock worth $1,146,000 after acquiring an additional 16,141 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.