First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Up 0.4% - What's Next?

Key Points

• The First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a stock price increase of 0.4% during mid-day trading, reaching $26.74 after trading as high as $26.85.
• The fund recently announced a quarterly dividend of $0.2827 per share, resulting in an annualized dividend yield of 4.2%.
• Several hedge funds have modified their holdings in FEM, with HBW Advisory Services LLC purchasing new shares valued around $223,000 during the 3rd quarter.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - )'s stock price was up 0.4% during mid-day trading on Thursday . The company traded as high as $26.85 and last traded at $26.74. Approximately 93,434 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 60,514 shares. The stock had previously closed at $26.63.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.4%

The stock has a 50 day simple moving average of $26.66 and a 200-day simple moving average of $24.72. The firm has a market cap of $462.60 million, a P/E ratio of 9.20 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.2827 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.13 annualized dividend and a dividend yield of 4.2%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently modified their holdings of the stock. HBW Advisory Services LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 3rd quarter valued at approximately $223,000. Osaic Holdings Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 10.7% during the 2nd quarter. Osaic Holdings Inc. now owns 85,219 shares of the company's stock valued at $2,080,000 after purchasing an additional 8,271 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 valued at $47,000 after purchasing an additional 408 shares during the last quarter. FSB Premier Wealth Management Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4.9% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 9,953 shares of the company's stock valued at $244,000 after purchasing an additional 467 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 19.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 63,643 shares of the company's stock valued at $1,563,000 after purchasing an additional 10,384 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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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