First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report)'s stock price was 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 traded hands 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 stock's fifty day moving average price is $22.50 and its two-hundred day moving average price is $22.47. The company has a market cap of $394.26 million, a P/E ratio of 8.09 and a beta of 0.85.
First Trust Emerging Markets AlphaDEX Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.0393 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Thursday, March 27th.
Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund
A number of institutional investors have recently made changes to their positions in the stock. Synergy Investment Management LLC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $69,000. IFP Advisors Inc grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 6.7% during the 4th quarter. IFP Advisors Inc now owns 44,755 shares of the company's stock worth $986,000 after acquiring an additional 2,800 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4.4% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 12,339 shares of the company's stock valued at $272,000 after purchasing an additional 519 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.1% in the fourth quarter. D.A. Davidson & CO. now owns 32,257 shares of the company's stock worth $711,000 after acquiring an additional 974 shares during the period. Finally, Private Advisor Group LLC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 4.1% during the 4th quarter. Private Advisor Group LLC now owns 176,016 shares of the company's stock valued at $3,877,000 after buying an additional 7,005 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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