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

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

First Trust Emerging Markets AlphaDEX Fund Price Performance

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

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First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 21.4% in the fourth quarter. Benjamin Edwards Inc. now owns 85,543 shares of the company’s stock valued at $2,340,000 after purchasing an additional 15,052 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.4% in the fourth quarter. D.A. Davidson & CO. now owns 32,937 shares of the company’s stock valued at $901,000 after purchasing an additional 1,073 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.7% in the fourth quarter. Assetmark Inc. now owns 227,389 shares of the company’s stock valued at $6,219,000 after purchasing an additional 8,017 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at about $45,000. Finally, Rathbones Group PLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 8.6% in the fourth quarter. Rathbones Group PLC now owns 46,079 shares of the company’s stock valued at $1,260,000 after purchasing an additional 3,646 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

(Get Free Report)

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.

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