First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• The First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) stock price has crossed above its 200-day moving average, with the recent high at $42.21 and last traded price at $41.86.
• The fund announced an increase in its quarterly dividend to $0.532, resulting in an annualized dividend of $2.13 and a yield of 5.1%.
• Several hedge funds have notably increased their holdings in FEMS, with Cambridge Investment Research Advisors Inc. leading with a 44.2% growth in shares owned during the first quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - )'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.58 and traded as high as $42.21. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $41.86, with a volume of 10,063 shares.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

The company has a market cap of $259.53 million, a P/E ratio of 8.10 and a beta of 0.92. The company has a fifty day moving average price of $43.57 and a two-hundred day moving average price of $40.58.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.532 dividend. This represents a $2.13 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.52.

Hedge Funds Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

Several hedge funds have recently modified their holdings of FEMS. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,701 shares of the exchange traded fund's stock valued at $435,000 after acquiring an additional 324 shares in the last quarter. World Equity Group Inc. grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 16.2% in the 1st quarter. World Equity Group Inc. now owns 23,302 shares of the exchange traded fund's stock valued at $866,000 after acquiring an additional 3,257 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 44.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,494 shares of the exchange traded fund's stock valued at $2,583,000 after acquiring an additional 21,290 shares during the period. Envestnet Asset Management Inc. grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,323 shares of the exchange traded fund's stock valued at $2,874,000 after acquiring an additional 4,997 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 8.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 310,707 shares of the exchange traded fund's stock valued at $11,336,000 after acquiring an additional 24,978 shares during the period.

First Trust Emerging Markets Small Cap AlphaDEX Fund Company Profile

The First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM Small Cap index. The fund aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics. FEMS was launched on Feb 15, 2012 and is managed by First Trust.

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