First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw unusually-high trading volume on Wednesday . Approximately 328,094 shares were traded during trading, an increase of 129% from the previous session’s volume of 143,219 shares.The stock last traded at $31.65 and had previously closed at $31.29.

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.3%

The stock has a market capitalization of $575.45 million, a P/E ratio of 9.20 and a beta of 0.64. The company has a 50-day moving average price of $29.08 and a two-hundred day moving average price of $27.59.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.2092 dividend. This represents a $0.84 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FEM. Smartleaf Asset Management LLC grew its position in 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 buying an additional 740 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter valued at about $45,000. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second 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. Rossby Financial LCC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% in the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock worth $61,000 after purchasing an additional 580 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at approximately $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.