First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Down 1.3% – Should You Sell?

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) were down 1.3% during mid-day trading on Thursday . The stock traded as low as $22.55 and last traded at $22.63. Approximately 74,088 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 59,192 shares. The stock had previously closed at $22.93.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The stock’s 50-day moving average is $23.20 and its 200 day moving average is $23.68. The firm has a market cap of $424.12 million, a P/E ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3247 dividend. This represents a $1.30 annualized dividend and a dividend yield of 5.63%. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter valued at approximately $33,000. Cetera Advisors LLC lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 2,216.7% during the first quarter. Cetera Advisors LLC now owns 354,854 shares of the company’s stock worth $8,116,000 after buying an additional 339,537 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter valued at $2,647,000. CreativeOne Wealth LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the 1st quarter valued at $283,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in First Trust Emerging Markets AlphaDEX Fund by 11.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 41,172 shares of the company’s stock worth $942,000 after acquiring an additional 4,351 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.