First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Stock Price Up 0.2% – What’s Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was up 0.2% during mid-day trading on Tuesday . The company traded as high as $22.97 and last traded at $22.91. Approximately 39,091 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 87,551 shares. The stock had previously closed at $22.86.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The firm has a market cap of $398.63 million, a P/E ratio of 5.06 and a beta of 0.85. The stock’s 50-day moving average price is $22.25 and its 200 day moving average price is $22.71.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.1449 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Snowden Capital Advisors LLC grew its stake in First Trust Emerging Markets AlphaDEX Fund by 5.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 38,443 shares of the company’s stock valued at $847,000 after purchasing an additional 2,098 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at $752,000. Baird Financial Group Inc. acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth $421,000. Bank of America Corp DE raised its position in First Trust Emerging Markets AlphaDEX Fund by 64.1% during the fourth quarter. Bank of America Corp DE now owns 1,039,178 shares of the company’s stock worth $22,892,000 after acquiring an additional 405,760 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 45.0% in the fourth quarter. Benjamin Edwards Inc. now owns 52,000 shares of the company’s stock valued at $1,146,000 after acquiring an additional 16,141 shares during the last quarter.

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.