Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) were up 0.7% during trading on Thursday . The stock traded as high as $23.14 and last traded at $23.08. Approximately 50,149 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 65,354 shares. The stock had previously closed at $22.91.
First Trust Emerging Markets AlphaDEX Fund Stock Performance
The company has a 50 day moving average of $22.52 and a 200-day moving average of $22.48. The stock has a market cap of $402.82 million, a price-to-earnings ratio of 8.09 and a beta of 0.85.
First Trust Emerging Markets AlphaDEX Fund Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.0393 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, March 27th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,332,636 shares of the company's stock worth $29,356,000 after buying an additional 16,207 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 64.1% during 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 during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 0.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 573,292 shares of the company's stock worth $13,105,000 after buying an additional 4,084 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 561,927 shares of the company's stock worth $12,845,000 after buying an additional 16,264 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 3.9% during the 4th quarter. Sanctuary Advisors LLC now owns 468,075 shares of the company's stock valued at $10,468,000 after purchasing an additional 17,497 shares in the last quarter.
About First Trust Emerging Markets AlphaDEX Fund
(
Get Free Report)
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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