First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• The First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) stock price has recently crossed above its 50-day moving average, trading at $43.51, which is above the average of $41.99.
• The fund has declared a new quarterly dividend of $0.5218 per share, significantly increasing from the previous dividend of $0.09, resulting in an annualized dividend yield of 4.8%.
• Recent trading activity shows institutional investors have increased their stakes in the fund, with notable increases from firms like Geneos Wealth Management Inc., which grew its stake by 100% during the 2nd quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $41.99 and traded as high as $43.76. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $43.51, with a volume of 13,993 shares changing hands.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

The firm's fifty day moving average is $42.14 and its 200 day moving average is $39.38. The firm has a market cap of $281.25 million, a P/E 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. Shareholders of record on Thursday, June 26th were paid a $0.5218 dividend. The ex-dividend date of this dividend 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 Investors Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEMS. Jane Street Group LLC raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 191.1% in the fourth quarter. Jane Street Group LLC now owns 85,030 shares of the exchange traded fund's stock valued at $3,208,000 after acquiring an additional 55,816 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter valued at $1,082,000. 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. Quad Cities Investment Group LLC grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 3.8% during the 1st quarter. Quad Cities Investment Group LLC now owns 44,994 shares of the exchange traded fund's stock worth $1,672,000 after buying an additional 1,667 shares during the last quarter. Finally, 626 Financial LLC grew its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.4% in the 1st quarter. 626 Financial LLC now owns 159,873 shares of the exchange traded fund's stock worth $5,942,000 after acquiring an additional 15,028 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.