First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Shares Pass Above 50 Day Moving Average – Here’s What Happened

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $43.58 and traded as high as $45.11. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $44.66, with a volume of 18,137 shares changing hands.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

The firm has a market capitalization of $256.91 million, a P/E ratio of 8.10 and a beta of 0.63. The firm has a 50-day moving average price of $43.63 and a two-hundred day moving average price of $43.15.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.6494 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.60 dividend on an annualized basis and a yield of 5.7%. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 533 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the second quarter valued at $61,000. Stonehaven Wealth & Tax Solutions LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter valued at about $206,000. Indivisible Partners bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter valued at about $220,000. Finally, Merit Financial Group LLC lifted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.7% in the fourth quarter. Merit Financial Group LLC now owns 5,248 shares of the exchange traded fund’s stock worth $221,000 after acquiring an additional 330 shares during the period.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

The First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM Small Cap index. The fund aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics. FEMS was launched on Feb 15, 2012 and is managed by First Trust.