First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Strong Trading Volume – What’s Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw unusually-high trading volume on Monday . Approximately 346,444 shares were traded during trading, an increase of 154% from the previous session’s volume of 136,403 shares.The stock last traded at $29.7640 and had previously closed at $29.19.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.9%

The stock has a market capitalization of $534.81 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. The firm has a 50-day moving average of $30.06 and a 200-day moving average of $28.19.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a dividend of $0.0334 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FEM. NewEdge Advisors LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 1st quarter valued at about $165,000. Jones Financial Companies Lllp boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 39.2% during the first quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company’s stock worth $180,000 after buying an additional 2,210 shares in the last quarter. Raymond James Financial Inc. increased 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 buying an additional 92,616 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 2.9% during the 2nd 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 in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in First Trust Emerging Markets AlphaDEX Fund by 19.5% during the second quarter. Benjamin Edwards Inc. now owns 63,643 shares of the company’s stock worth $1,563,000 after purchasing an additional 10,384 shares in 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.