First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Shares of the First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) have recently crossed above their 50-day moving average of $41.53, trading at $43.81 during the latest session.
• The fund announced a quarterly dividend of $0.5218 per share, reflecting a substantial increase from its previous dividend and yielding approximately 4.8%.
• Recent institutional activity shows significant interest in the fund, with several large investors increasing their positions, including a 191.1% increase by Jane Street Group LLC in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $41.53 and traded as high as $44.07. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $43.81, with a volume of 17,689 shares traded.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

The company's 50-day moving average is $41.86 and its 200-day moving average is $39.24. The firm has a market cap of $280.12 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 declared 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. This is a positive change from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 26th. This represents a $2.09 annualized dividend and a yield of 4.8%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund's stock valued at $43,000 after purchasing an additional 533 shares during the period. Jane Street Group LLC lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 21.8% during the 2nd quarter. Jane Street Group LLC now owns 31,172 shares of the exchange traded fund's stock valued at $1,266,000 after purchasing an additional 5,576 shares during the period. Baird Financial Group Inc. lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 30,783 shares of the exchange traded fund's stock valued at $1,250,000 after purchasing an additional 739 shares during the period. Richmond Investment Services LLC lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.3% during the 2nd quarter. Richmond Investment Services LLC now owns 10,864 shares of the exchange traded fund's stock valued at $441,000 after purchasing an additional 5,440 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 83,237 shares of the exchange traded fund's stock valued at $3,380,000 after purchasing an additional 5,914 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.