First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading 0.9% Higher - Here's What Happened

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) shares traded up 0.9% during trading on Wednesday . The stock traded as high as $25.56 and last traded at $25.52. 32,369 shares changed hands during trading, a decline of 52% from the average session volume of 68,098 shares. The stock had previously closed at $25.30.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.7%

The firm has a market capitalization of $440.57 million, a price-to-earnings ratio of 9.20 and a beta of 0.85. The stock's fifty day moving average is $24.70 and its two-hundred day moving average is $23.40.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.3239 per share. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $1.30 dividend on an annualized basis and a yield of 5.0%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $51,000. Ameritas Advisory Services LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $115,000. NBC Securities Inc. boosted its position in First Trust Emerging Markets AlphaDEX Fund by 87,750.0% during the first quarter. NBC Securities Inc. now owns 5,271 shares of the company's stock worth $120,000 after purchasing an additional 5,265 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Emerging Markets AlphaDEX Fund by 14.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company's stock worth $165,000 after purchasing an additional 885 shares during the period.

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.