First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Reaches New 12-Month High – Time to Buy?

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.77 and last traded at $33.73, with a volume of 138324 shares changing hands. The stock had previously closed at $33.50.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The stock has a 50-day simple moving average of $31.25 and a 200-day simple moving average of $29.35. The stock has a market cap of $749.70 million, a PE ratio of 9.20 and a beta of 0.62.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0334 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FEM. Smartleaf Asset Management LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 371.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after acquiring an additional 740 shares during the period. Signature Equity Partners LLC boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after buying an additional 349 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth about $45,000. Geneos Wealth Management Inc. boosted its position in shares of 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 worth $47,000 after buying an additional 408 shares during the period. Finally, Parallel Advisors LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter worth about $59,000.

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.