First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading 2.4% Higher – Here’s What Happened

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) were up 2.4% on Thursday . The company traded as high as $23.42 and last traded at $23.41. Approximately 57,522 shares were traded during trading, a decline of 1% from the average daily volume of 58,368 shares. The stock had previously closed at $22.86.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The company’s 50-day moving average price is $23.10 and its 200-day moving average price is $23.64. The firm has a market capitalization of $430.74 million, a PE 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. Investors of record on Thursday, September 26th were issued a $0.3247 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 5.55%. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its position in First Trust Emerging Markets AlphaDEX Fund by 19,213.2% during the third quarter. International Assets Investment Management LLC now owns 828,343 shares of the company’s stock worth $198,470,000 after buying an additional 824,054 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter valued at $9,833,000. Cetera Advisors LLC raised its position in First Trust Emerging Markets AlphaDEX Fund by 2,216.7% in the 1st quarter. Cetera Advisors LLC now owns 354,854 shares of the company’s stock valued at $8,116,000 after purchasing an additional 339,537 shares during the last quarter. Private Advisor Group LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 679.5% during the 2nd quarter. Private Advisor Group LLC now owns 157,356 shares of the company’s stock worth $3,767,000 after purchasing an additional 137,170 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth $2,647,000.

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.