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

Key Points

• The share price of the First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) has risen above its fifty-day moving average, currently trading at $44.68 after hitting a high of $45.10.
• The fund has announced a quarterly dividend of $0.5218 per share, reflecting an increase from the previous $0.09 dividend, resulting in an annual yield of 4.7%.
• Several institutional investors, including LPL Financial LLC and Cornerstone Planning Group LLC, have increased their stakes in the fund during the first quarter.

Shares of 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 $42.84 and traded as high as $45.10. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $44.68, with a volume of 8,635 shares.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

The business has a 50 day moving average of $42.84 and a two-hundred day moving average of $39.83. The firm has a market capitalization of $285.95 million, a price-to-earnings ratio of 8.10 and a beta of 0.92.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.5218 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $2.09 dividend on an annualized basis and a yield of 4.7%. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.09.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.7% during the 1st quarter. LPL Financial LLC now owns 427,432 shares of the exchange traded fund's stock worth $15,888,000 after purchasing an additional 2,928 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 8.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 310,707 shares of the exchange traded fund's stock worth $11,336,000 after purchasing an additional 24,978 shares in the last quarter. Beta Wealth Group Inc. bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 1st quarter worth approximately $8,754,000. Steward Partners Investment Advisory LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 232,813 shares of the exchange traded fund's stock worth $8,654,000 after purchasing an additional 5,788 shares in the last quarter. Finally, 626 Financial LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.4% during the 1st quarter. 626 Financial LLC now owns 159,873 shares of the exchange traded fund's stock worth $5,942,000 after purchasing an additional 15,028 shares in the last quarter.

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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