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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) shares saw unusually-high trading volume on Friday . Approximately 192,414 shares traded hands during mid-day trading, an increase of 165% from the previous session’s volume of 72,719 shares.The stock last traded at $29.6150 and had previously closed at $29.47.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The business has a 50-day simple moving average of $27.52 and a two-hundred day simple moving average of $26.73. The stock has a market cap of $524.49 million, a price-to-earnings ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at $45,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares during the period. Rossby Financial LCC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% in the 3rd quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock valued at $61,000 after purchasing an additional 580 shares during the period. Ameritas Advisory Services LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter valued at about $115,000. Finally, NewEdge Advisors LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth about $165,000.

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.