First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Stock Passes Above 50-Day Moving Average - Should You Sell?

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 - ) shares crossed 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 trading hands.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

The stock has a market capitalization of $282.82 million, a PE ratio of 8.10 and a beta of 0.92. The company has a 50 day moving average price of $42.38 and a 200-day moving average price of $39.53.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.5218 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is a positive change from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.09. This represents a $2.09 annualized dividend and a yield of 4.7%.

Institutional Investors Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.7% in the first 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 during the period. Avantax Advisory Services Inc. grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 27.0% in the first quarter. Avantax Advisory Services Inc. now owns 17,795 shares of the exchange traded fund's stock worth $661,000 after purchasing an additional 3,783 shares during the period. Beta Wealth Group Inc. purchased a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the first quarter worth $8,754,000. Envestnet Asset Management Inc. grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.9% in the first quarter. Envestnet Asset Management Inc. now owns 77,323 shares of the exchange traded fund's stock worth $2,874,000 after purchasing an additional 4,997 shares during the period. Finally, Private Advisor Group LLC grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.4% in the first quarter. Private Advisor Group LLC now owns 109,339 shares of the exchange traded fund's stock worth $4,064,000 after purchasing an additional 396 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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