First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Up 0.7% – Should You Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s stock price rose 0.7% during trading on Thursday . The stock traded as high as $27.31 and last traded at $27.15. Approximately 19,140 shares traded hands during trading, a decline of 67% from the average daily volume of 58,834 shares. The stock had previously closed at $26.96.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The firm’s 50 day moving average is $26.84 and its 200 day moving average is $25.35. The company has a market cap of $467.27 million, a PE ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.2827 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 25th.

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. Assetmark Inc. raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% in the 3rd quarter. Assetmark Inc. now owns 219,372 shares of the company’s stock valued at $5,945,000 after acquiring an additional 4,699 shares in the last quarter. Atria Investments Inc raised its stake in First Trust Emerging Markets AlphaDEX Fund by 18.0% in the third quarter. Atria Investments Inc now owns 108,529 shares of the company’s stock valued at $2,941,000 after purchasing an additional 16,525 shares in the last quarter. Savvy Advisors Inc. purchased a new stake in First Trust Emerging Markets AlphaDEX Fund in the third quarter valued at approximately $216,000. Prospera Financial Services Inc lifted its position in First Trust Emerging Markets AlphaDEX Fund by 7.9% during the third quarter. Prospera Financial Services Inc now owns 71,666 shares of the company’s stock valued at $1,942,000 after purchasing an additional 5,231 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund in the 3rd quarter worth approximately $218,000.

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.