First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Down 1.3% - Here's What Happened

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) were down 1.3% during mid-day trading on Friday . The stock traded as low as $23.40 and last traded at $23.48. Approximately 30,562 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 65,821 shares. The stock had previously closed at $23.79.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The stock has a market capitalization of $406.97 million, a P/E ratio of 8.45 and a beta of 0.85. The stock's fifty day moving average is $22.71 and its 200-day moving average is $22.60.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.0393 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently made changes to their positions in FEM. Jones Financial Companies Lllp raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 39.2% in the 1st quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company's stock valued at $180,000 after acquiring an additional 2,210 shares in the last quarter. Pinnacle Family Advisors LLC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 6.5% during the first quarter. Pinnacle Family Advisors LLC now owns 10,025 shares of the company's stock valued at $229,000 after purchasing an additional 609 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at approximately $165,000. OLD Mission Capital LLC lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 33.6% in the first quarter. OLD Mission Capital LLC now owns 394,725 shares of the company's stock worth $9,023,000 after buying an additional 99,226 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 14.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company's stock valued at $165,000 after buying an additional 885 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.