First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Hits New 52-Week High – What’s Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) hit a new 52-week high during trading on Wednesday . The company 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 Price Performance

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

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEM. Bank of America Corp DE boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.9% in the second quarter. Bank of America Corp DE now owns 1,054,665 shares of the company’s stock worth $25,903,000 after acquiring an additional 29,240 shares during the last quarter. UBS Group AG grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 21.7% during the 3rd quarter. UBS Group AG now owns 641,416 shares of the company’s stock valued at $17,382,000 after buying an additional 114,386 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 5.8% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 606,409 shares of the company’s stock worth $14,893,000 after buying an additional 33,117 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 578,328 shares of the company’s stock worth $15,673,000 after buying an additional 22,920 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 32.8% in the second quarter. Raymond James Financial Inc. now owns 374,921 shares of the company’s stock valued at $9,208,000 after acquiring an additional 92,616 shares during the last quarter.

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.