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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Free Report) shares saw an uptick in trading volume on Tuesday. Approximately 154,545 shares were traded during trading, an increase of 24% from the previous session’s volume of 124,332 shares. The stock last traded at $32.26 and had previously closed at $32.29.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The firm has a fifty day simple moving average of $32.45 and a 200-day simple moving average of $32.00. The company has a market capitalization of $798.31 million, a PE ratio of 9.20 and a beta of 0.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a $0.2849 dividend. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899. The ex-dividend date is Thursday, September 24th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.4% during the 1st quarter. D.A. Davidson & CO. now owns 33,395 shares of the company’s stock valued at $1,000,000 after purchasing an additional 458 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 1.9% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 617,179 shares of the company’s stock worth $18,487,000 after buying an additional 11,746 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 23,395 shares of the company’s stock valued at $701,000 after acquiring an additional 499 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 3.1% during the first quarter. Chicago Partners Investment Group LLC now owns 40,273 shares of the company’s stock worth $1,326,000 after buying an additional 1,205 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.2% in the 1st quarter. Private Advisor Group LLC now owns 280,508 shares of the company’s stock worth $8,402,000 after acquiring an additional 3,323 shares during the last quarter.

About First Trust Emerging Markets AlphaDEX Fund

(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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