First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• The share price of First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) recently crossed above its 50-day moving average, trading as high as $42.91 with a current price of $42.65.
• FEMS announced a significant increase in its quarterly dividend to $0.5218 per share, raising its annualized dividend yield to 4.9% from the previous $0.09.
• Several hedge funds have increased their holdings in FEMS, with notable increases including Cambridge Investment Research Advisors Inc.'s 44.2% lift, indicating growing interest among institutional investors.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $40.76 and traded as high as $42.91. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $42.65, with a volume of 11,192 shares trading hands.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Up 1.1%

The firm has a market cap of $275.42 million, a P/E ratio of 8.10 and a beta of 0.92. The company's fifty day moving average price is $40.90 and its two-hundred day moving average price is $38.66.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.5218 dividend. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.09. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, June 26th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund in the second quarter valued at $61,000. Two Sigma Securities LLC acquired a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter valued at about $215,000. Richmond Investment Services LLC acquired a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter valued at about $225,000. Private Trust Co. NA raised its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% during the second quarter. Private Trust Co. NA now owns 5,935 shares of the exchange traded fund's stock worth $241,000 after acquiring an additional 508 shares in the last quarter. Finally, Stonehaven Wealth & Tax Solutions LLC acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter valued at approximately $388,000.

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.