First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• The stock price of the First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) has crossed above its 50-day moving average of $41.15, reaching a high of $43.03 and last trading at $42.83.
• FEMS declared a quarterly dividend of $0.5218 per share, significantly increasing from the previous dividend of $0.09, resulting in an annualized yield of 4.9%.
• Several institutional investors have increased their positions in FEMS, with Private Trust Co. NA raising its stake by 9.4% in the second quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $41.15 and traded as high as $43.03. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $42.83, with a volume of 11,061 shares.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Down 0.7%

The company has a market cap of $272.19 million, a price-to-earnings ratio of 8.10 and a beta of 0.92. The company's fifty day moving average price is $41.25 and its two-hundred day moving average price is $38.87.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The firm also recently disclosed 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 is a boost from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.09. This represents a $2.09 dividend on an annualized basis and a yield of 4.9%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FEMS. Beta Wealth Group Inc. bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 1st quarter valued at $8,754,000. Jane Street Group LLC increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 191.1% during the 4th quarter. Jane Street Group LLC now owns 85,030 shares of the exchange traded fund's stock worth $3,208,000 after purchasing an additional 55,816 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 1st quarter worth about $1,171,000. Citadel Advisors LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter worth about $1,082,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 55.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 72,326 shares of the exchange traded fund's stock worth $2,729,000 after buying an additional 25,708 shares during the period.

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.