First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Down 0.4% – Time to Sell?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s share price traded down 0.4% during trading on Tuesday . The company traded as low as $33.37 and last traded at $33.45. 103,320 shares were traded during trading, a decline of 20% from the average daily volume of 128,997 shares. The stock had previously closed at $33.57.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.4%

The company’s fifty day moving average is $32.03 and its two-hundred day moving average is $31.77. The stock has a market cap of $802.80 million, a price-to-earnings ratio of 9.20 and a beta of 0.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1899 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Signature Equity Partners LLC grew its stake in shares of 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 purchasing an additional 349 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 371.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after buying an additional 408 shares in the last quarter. Parallel Advisors LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth about $59,000. Finally, MidFirst Bank purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth about $63,000.

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.