First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw unusually-strong trading volume on Wednesday . Approximately 328,094 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 143,219 shares.The stock last traded at $31.65 and had previously closed at $31.29.

First Trust Emerging Markets AlphaDEX Fund Trading Up 1.3%

The company has a market capitalization of $575.45 million, a P/E ratio of 9.20 and a beta of 0.64. The business’s fifty day moving average price is $29.08 and its 200-day moving average price is $27.59.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.2092 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.84 annualized dividend and a yield of 2.6%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently modified their holdings of the company. Prospera Financial Services Inc grew its position in First Trust Emerging Markets AlphaDEX Fund by 7.9% during the third quarter. Prospera Financial Services Inc now owns 71,666 shares of the company’s stock valued at $1,942,000 after acquiring an additional 5,231 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 24.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 17,096 shares of the company’s stock valued at $457,000 after purchasing an additional 3,399 shares in the last quarter. Atria Investments Inc grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 18.0% during the 3rd quarter. Atria Investments Inc now owns 108,529 shares of the company’s stock valued at $2,941,000 after purchasing an additional 16,525 shares during the last quarter. Envestnet Asset Management Inc. raised its position in 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 purchasing an additional 22,920 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in First Trust Emerging Markets AlphaDEX Fund in the 3rd quarter worth $216,000.

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.