First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• The First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) has recently crossed above its 50-day moving average of $42.38, with shares trading as high as $44.46.
• The fund has declared an increased quarterly dividend of $0.5218, up from the previous $0.09, resulting in an annualized yield of 4.7%.
• Recent activity from institutional investors shows a mix of stake increases, with notable growth from LPL Financial LLC and Avantax Advisory Services Inc. in the first quarter.

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 $42.38 and traded as high as $44.46. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $44.19, with a volume of 59,341 shares.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

The stock has a market cap of $286.53 million, a PE ratio of 8.10 and a beta of 0.92. The company has a 50-day simple moving average of $42.60 and a 200-day simple moving average of $39.68.

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. Investors of record on Thursday, June 26th were given a dividend of $0.5218 per share. The ex-dividend date was Thursday, June 26th. This represents a $2.09 dividend on an annualized basis and a yield of 4.7%. This is a boost 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. Geneos Wealth Management Inc. boosted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund's stock worth $43,000 after buying an additional 533 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 2nd quarter worth about $61,000. Richmond Investment Services LLC acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter worth about $225,000. Private Trust Co. NA boosted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% in the 2nd quarter. Private Trust Co. NA now owns 5,935 shares of the exchange traded fund's stock worth $241,000 after buying an additional 508 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in 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 worth $435,000 after buying an additional 324 shares during 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.