First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Volume Increase – Here’s Why

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw an uptick in trading volume on Tuesday. 154,545 shares traded hands during mid-day 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 Price Performance

The stock has a market cap of $800.42 million, a price-to-earnings ratio of 9.20 and a beta of 0.61. The firm has a 50 day simple moving average of $32.47 and a two-hundred day simple moving average of $32.02.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP raised its position in First Trust Emerging Markets AlphaDEX Fund by 29.3% during the first quarter. Quantinno Capital Management LP now owns 33,777 shares of the company’s stock worth $1,012,000 after acquiring an additional 7,655 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth about $59,000. Arkadios Wealth Advisors raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 34.8% in the 1st quarter. Arkadios Wealth Advisors now owns 10,262 shares of the company’s stock valued at $307,000 after purchasing an additional 2,648 shares during the period. Rathbones Group PLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 29.4% in the 1st quarter. Rathbones Group PLC now owns 59,637 shares of the company’s stock valued at $1,786,000 after purchasing an additional 13,558 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in First Trust Emerging Markets AlphaDEX Fund by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 228,038 shares of the company’s stock valued at $6,831,000 after buying an additional 9,039 shares during the period.

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.