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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) shares saw strong trading volume on Friday . 151,198 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 142,798 shares.The stock last traded at $32.0570 and had previously closed at $32.03.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.3%

The company’s fifty day moving average is $32.37 and its two-hundred day moving average is $30.15. The stock has a market cap of $722.93 million, a price-to-earnings ratio of 9.20 and a beta of 0.60.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0334 dividend. This represents a $0.13 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Equity Partners LLC boosted its position in First Trust Emerging Markets AlphaDEX Fund by 64.0% in the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after buying an additional 349 shares during the period. Smartleaf Asset Management LLC boosted its position in First Trust Emerging Markets AlphaDEX Fund by 371.9% in the 4th 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 period. Sound Income Strategies LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at approximately $45,000. Geneos Wealth Management Inc. boosted its position in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd 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 during the period. Finally, Parallel Advisors LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter valued at approximately $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.