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

Key Points

• FEMS shares moved above their 50-day moving average, reaching $47.32 before trading at $47.08, compared with a 50-day average of $45.38.
• The ETF increased its quarterly dividend to $0.445 per share, up from $0.30, implying an annualized payout of $1.78 and a 3.8% yield.
• Several institutional investors increased their positions in FEMS, including Jane Street Group, which raised its stake by 21.8%, and Geneos Wealth Management, which doubled its holdings.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - )'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $45.38 and traded as high as $47.32. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $47.08, with a volume of 50,101 shares changing hands.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

The stock has a 50-day simple moving average of $45.38 and a 200 day simple moving average of $46.16. The company has a market cap of $261.29 million, a P/E ratio of 8.10 and a beta of 0.50.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.445 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.30. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.8%.

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

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.6% in the 1st quarter. Royal Bank of Canada now owns 96,673 shares of the exchange traded fund's stock valued at $3,593,000 after buying an additional 4,279 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of 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 acquiring an additional 739 shares in the last quarter. Jane Street Group LLC boosted its position in shares of 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 acquiring an additional 5,576 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund's stock valued at $43,000 after acquiring an additional 533 shares during the period. Finally, Private Advisor Group LLC increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% in the third quarter. Private Advisor Group LLC now owns 111,516 shares of the exchange traded fund's stock valued at $4,927,000 after acquiring an additional 1,242 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.

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