First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Stock Crosses Above 50 Day Moving Average - What's Next?

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 - )'s share 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 Price Performance

The firm has a market capitalization of $272.96 million, a PE ratio of 8.10 and a beta of 0.92. The business's 50-day moving average price is $40.76 and its 200-day moving average price is $38.57.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.5218 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 26th.

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

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 11,701 shares of the exchange traded fund's stock worth $435,000 after purchasing an additional 324 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 44.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,494 shares of the exchange traded fund's stock worth $2,583,000 after purchasing an additional 21,290 shares during the period. World Equity Group Inc. lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 16.2% during the first quarter. World Equity Group Inc. now owns 23,302 shares of the exchange traded fund's stock worth $866,000 after purchasing an additional 3,257 shares during the period. 626 Financial LLC lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.4% during the first 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 during the period. Finally, Quad Cities Investment Group LLC lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 3.8% during the first quarter. Quad Cities Investment Group LLC now owns 44,994 shares of the exchange traded fund's stock worth $1,672,000 after purchasing an additional 1,667 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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