First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Down 0.4% - Time to Sell?

Key Points

• FEM shares fell 0.4% to $33.45 in Tuesday trading, with volume below its average. The ETF has an $802.8 million market capitalization, a 9.20 price-to-earnings ratio, and trades above its 50- and 200-day moving averages.
• The fund paid a quarterly dividend of $0.1899 per share, up substantially from $0.03 previously. Its annualized dividend is approximately $0.76, representing a 2.3% yield.
• Several institutional investors recently increased or initiated positions in FEM, while the ETF continues to track an index of emerging-market companies selected through a quantitative methodology.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - )'s share price fell 0.4% during trading on Tuesday . The company traded as low as $33.37 and last traded at $33.45. Approximately 103,320 shares changed hands during trading, a decline of 20% from the average daily volume of 128,997 shares. The stock had previously closed at $33.57.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The company has a market capitalization of $802.80 million, a price-to-earnings ratio of 9.20 and a beta of 0.61. The firm has a 50-day simple moving average of $32.03 and a two-hundred day simple moving average of $31.77.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1899 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.03.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEM. Smartleaf Asset Management LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company's stock worth $26,000 after acquiring an additional 740 shares during the period. Signature Equity Partners LLC grew its stake in First Trust Emerging Markets AlphaDEX Fund by 64.0% during the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company's stock worth $27,000 after purchasing an additional 349 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 26.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company's stock worth $47,000 after purchasing an additional 408 shares in the last quarter. Parallel Advisors LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth about $59,000. Finally, MidFirst Bank purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth about $63,000.

About First Trust Emerging Markets AlphaDEX Fund

The First Trust Emerging Markets AlphaDEX Fund (FEM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM index. The fund tracks an index of emerging markets companies selected using a quantitative methodology and weighted in tiers. FEM was launched on Apr 18, 2011 and is managed by First Trust.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.