First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Stock Price Up 1% - Still a Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) shot up 1% during trading on Monday . The stock traded as high as $24.18 and last traded at $24.18. 22,309 shares were traded during trading, a decline of 66% from the average session volume of 65,667 shares. The stock had previously closed at $23.95.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.3%

The firm's 50-day moving average price is $23.62 and its 200 day moving average price is $22.80. The company has a market capitalization of $411.89 million, a P/E ratio of 8.45 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a $0.3239 dividend. This is a positive change from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.04. This represents a $1.30 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Thursday, June 26th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FEM. Rossby Financial LCC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth $38,000. Larson Financial Group LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 33.1% during the fourth quarter. Larson Financial Group LLC now owns 1,943 shares of the company's stock valued at $43,000 after buying an additional 483 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth $69,000. Tucker Asset Management LLC grew its stake in First Trust Emerging Markets AlphaDEX Fund by 23.3% in the 4th quarter. Tucker Asset Management LLC now owns 3,241 shares of the company's stock worth $71,000 after buying an additional 612 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 87,750.0% during the first quarter. NBC Securities Inc. now owns 5,271 shares of the company's stock worth $120,000 after purchasing 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.