First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Reaches New 1-Year High – Still a Buy?

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) hit a new 52-week high during trading on Wednesday . The company traded as high as $32.98 and last traded at $30.42, with a volume of 32800 shares. The stock had previously closed at $30.29.

First Trust Emerging Markets AlphaDEX Fund Stock Down 3.3%

The firm has a market cap of $525.68 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. The company has a 50 day moving average of $27.86 and a 200 day moving average of $26.92.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.2092 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC raised its stake in First Trust Emerging Markets AlphaDEX Fund by 0.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 39,068 shares of the company’s stock valued at $1,161,000 after buying an additional 354 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock worth $47,000 after acquiring an additional 408 shares during the last quarter. Formidable Asset Management LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 2.2% in the fourth quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock valued at $525,000 after acquiring an additional 415 shares during the period. FSB Premier Wealth Management Inc. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4.9% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 9,953 shares of the company’s stock worth $244,000 after purchasing an additional 467 shares during the period. Finally, Trueblood Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.8% in the 3rd quarter. Trueblood Wealth Management LLC now owns 13,662 shares of the company’s stock worth $370,000 after purchasing an additional 496 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.