First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Volume Increase – Here’s What Happened

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw unusually-strong trading volume on Friday . Approximately 151,198 shares traded hands during trading, an increase of 6% from the previous session’s volume of 142,798 shares.The stock last traded at $32.0570 and had previously closed at $32.03.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.3%

The firm’s fifty day moving average price is $32.41 and its 200 day moving average price is $30.16. The firm has a market capitalization of $723.15 million, a PE ratio of 9.20 and a beta of 0.60.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Large investors have recently bought and sold shares of the business. Signature Equity Partners LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after purchasing an additional 349 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 371.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock worth $26,000 after purchasing an additional 740 shares in the last quarter. Sound Income Strategies LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth $45,000. Geneos Wealth Management Inc. boosted 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 purchasing an additional 408 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the first quarter worth $59,000.

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.