First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Share Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• FEMS crossed above its 50‑day moving average, trading as high as $47.95 and last at $47.76 versus a 50‑day SMA of $45.83 on volume of 52,548 shares.
• The fund recently paid a quarterly dividend of $0.3033 per share (annualized $1.21) for a yield of about 2.5%, with an ex‑dividend date of March 26.
• FEMS has a market cap of $265.1M, a P/E of 8.1 and beta of 0.52, and several institutional investors have initiated or increased small stakes in recent quarters.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $45.83 and traded as high as $47.95. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $47.76, with a volume of 52,548 shares traded.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

The business has a 50-day simple moving average of $45.83 and a two-hundred day simple moving average of $44.03. The stock has a market cap of $265.07 million, a price-to-earnings ratio of 8.10 and a beta of 0.52.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.3033 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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

A number of institutional investors have recently bought and sold shares of FEMS. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund's stock worth $43,000 after acquiring an additional 533 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth approximately $68,000. Sankala Group LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth approximately $93,000. Stonehaven Wealth & Tax Solutions LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth approximately $206,000. Finally, Indivisible Partners bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth approximately $220,000.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

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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