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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.64 and last traded at $33.59, with a volume of 203847 shares trading hands. The stock had previously closed at $33.51.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The firm’s 50 day simple moving average is $31.05 and its 200-day simple moving average is $29.10. The company has a market cap of $758.25 million, a price-to-earnings ratio of 9.20 and a beta of 0.62.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the business. Morgan Stanley lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.7% in the 4th quarter. Morgan Stanley now owns 2,390,271 shares of the company’s stock worth $65,374,000 after purchasing an additional 39,545 shares in the last quarter. LPL Financial LLC lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 9.7% in the 4th quarter. LPL Financial LLC now owns 1,375,536 shares of the company’s stock worth $37,621,000 after purchasing an additional 122,038 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 1,054,665 shares of the company’s stock worth $25,903,000 after purchasing an additional 29,240 shares in the last quarter. UBS Group AG lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 21.7% in the 3rd quarter. UBS Group AG now owns 641,416 shares of the company’s stock worth $17,382,000 after purchasing an additional 114,386 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.9% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 617,179 shares of the company’s stock worth $18,487,000 after buying an additional 11,746 shares during the last quarter.

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.