First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Down 0.7% - What's Next?

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 - Get Free Report) shares fell 0.7% during mid-day trading on Thursday . The stock traded as low as $27.02 and last traded at $27.09. 28,263 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 62,404 shares. The stock had previously closed at $27.28.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The company has a market capitalization of $466.66 million, a PE ratio of 9.20 and a beta of 0.85. The firm's 50-day simple moving average is $26.00 and its 200 day simple moving average is $24.25.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.3239 per share. This is an increase 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 dividend yield of 4.7%.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rossby Financial LCC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth about $38,000. Geneos Wealth Management Inc. grew its position in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company's stock valued at $47,000 after acquiring an additional 408 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the second quarter valued at $51,000. Ameritas Advisory Services LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the second quarter valued at $115,000. Finally, NBC Securities Inc. grew its position in First Trust Emerging Markets AlphaDEX Fund by 87,750.0% in the first 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 period.

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.