First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Down 0.7% - Should You Sell?

Key Points

• First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) shares fell by 0.7% to $27.09, with a significant drop in trading volume, down 55% from the average daily volume.
• The fund recently announced a quarterly dividend of $0.3239 per share, significantly increasing from the previous dividend of $0.04, representing an annual yield of 4.8%.
• Multiple institutional investors have increased their positions in FEM, including a notable 87,750% increase in shareholding by NBC Securities Inc.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - )'s share price dropped 0.7% during trading on Thursday . The company traded as low as $27.02 and last traded at $27.09. Approximately 28,263 shares were traded during trading, a decline of 55% from the average daily volume of 62,404 shares. The stock had previously closed at $27.28.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.7%

The stock has a 50-day moving average price of $25.95 and a 200 day moving average price of $24.20. The firm has a market capitalization of $461.88 million, a price-to-earnings ratio of 9.20 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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. The ex-dividend date was Thursday, June 26th. This represents a $1.30 annualized dividend and a yield of 4.8%.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FEM. Rossby Financial LCC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $38,000. Geneos Wealth Management Inc. lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 26.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company's stock worth $47,000 after buying an additional 408 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 2nd quarter worth about $51,000. Ameritas Advisory Services LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter valued at about $115,000. Finally, NBC Securities Inc. increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 87,750.0% in the 1st quarter. NBC Securities Inc. now owns 5,271 shares of the company's stock valued at $120,000 after acquiring an additional 5,265 shares during the last quarter.

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.

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