First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Strong Trading Volume – What’s Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw unusually-high trading volume on Friday . Approximately 151,198 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 142,798 shares.The stock last traded at $32.0570 and had previously closed at $32.03.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.3%

The stock’s fifty day moving average price is $32.37 and its 200-day moving average price is $30.15. The firm has a market cap of $722.93 million, a price-to-earnings ratio of 9.20 and a beta of 0.60.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Signature Equity Partners LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 64.0% during the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after buying an additional 349 shares during the period. Smartleaf Asset Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 371.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after purchasing an additional 740 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at approximately $45,000. Geneos Wealth Management Inc. increased its holdings in 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 last quarter. Finally, Parallel Advisors LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter valued at approximately $59,000.

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.