First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sets New 52-Week High – Time to Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) reached a new 52-week high during trading on Tuesday . The company traded as high as $33.77 and last traded at $33.73, with a volume of 138324 shares trading hands. The stock had previously closed at $33.50.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The company has a market capitalization of $758.93 million, a price-to-earnings ratio of 9.20 and a beta of 0.62. The business’s 50 day simple moving average is $31.18 and its 200 day simple moving average is $29.25.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0334 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of 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 acquiring an additional 740 shares during the period. Sound Income Strategies LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $45,000. Geneos Wealth Management Inc. increased its stake 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 acquiring an additional 408 shares during the period. Parallel Advisors LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth about $59,000. Finally, Rossby Financial LCC grew its position in First Trust Emerging Markets AlphaDEX Fund by 34.7% during the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock worth $61,000 after buying an additional 580 shares during the period.

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.