First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Hits New 1-Year High – Time to Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $29.19 and last traded at $29.12, with a volume of 15769 shares. The stock had previously closed at $28.91.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.7%

The company’s 50-day moving average is $27.45 and its 200-day moving average is $26.69. The stock has a market capitalization of $514.06 million, a price-to-earnings ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.2092 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 26.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock worth $47,000 after buying an additional 408 shares during the last quarter. Formidable Asset Management LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 2.2% during the 4th quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock worth $525,000 after purchasing an additional 415 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.2% in the third quarter. Chicago Partners Investment Group LLC now owns 38,714 shares of the company’s stock valued at $1,044,000 after buying an additional 466 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 4.9% during the second quarter. FSB Premier Wealth Management Inc. now owns 9,953 shares of the company’s stock worth $244,000 after buying an additional 467 shares during the period. Finally, Trueblood Wealth Management LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.8% during the third quarter. Trueblood Wealth Management LLC now owns 13,662 shares of the company’s stock worth $370,000 after buying an additional 496 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.