First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Up 1% - Here's Why

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

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.0%

The firm has a market cap of $409.85 million, a PE ratio of 8.45 and a beta of 0.85. The business has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $22.77.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0393 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.65%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC lifted 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 worth $43,000 after purchasing an additional 483 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 4.4% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 12,339 shares of the company's stock valued at $272,000 after buying an additional 519 shares during the period. Pinnacle Family Advisors LLC increased its stake in shares of 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 buying an additional 609 shares during the period. Tucker Asset Management LLC increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 23.3% during the fourth quarter. Tucker Asset Management LLC now owns 3,241 shares of the company's stock valued at $71,000 after buying an additional 612 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 14.0% during the first 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 period.

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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