First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Down 1.3% – Time to Sell?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) dropped 1.3% during mid-day trading on Thursday . The stock traded as low as $22.55 and last traded at $22.63. Approximately 74,088 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 59,192 shares. The stock had previously closed at $22.93.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $23.19 and a two-hundred day simple moving average of $23.68. The company has a market cap of $416.39 million, a PE ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3247 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds have recently made changes to their positions in the business. Iams Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 20.5% during the 3rd quarter. Iams Wealth Management LLC now owns 26,765 shares of the company’s stock worth $641,000 after acquiring an additional 4,550 shares during the period. Concourse Financial Group Securities Inc. raised its stake in First Trust Emerging Markets AlphaDEX Fund by 18.5% during the third quarter. Concourse Financial Group Securities Inc. now owns 26,985 shares of the company’s stock worth $647,000 after purchasing an additional 4,205 shares during the period. Sanctuary Advisors LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth approximately $9,833,000. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 5.0% in the 2nd quarter. Gateway Wealth Partners LLC now owns 30,327 shares of the company’s stock valued at $726,000 after purchasing an additional 1,437 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 11.8% during the 2nd quarter. AE Wealth Management LLC now owns 67,320 shares of the company’s stock valued at $1,612,000 after buying an additional 7,094 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.