First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Trading Down 0.4% – Should You Sell?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s stock price traded down 0.4% during mid-day trading on Tuesday . The company traded as low as $33.37 and last traded at $33.45. 103,320 shares traded hands during trading, a decline of 20% from the average session volume of 128,997 shares. The stock had previously closed at $33.57.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The firm has a market cap of $797.28 million, a price-to-earnings ratio of 9.20 and a beta of 0.61. The stock has a 50-day moving average of $32.08 and a 200-day moving average of $31.79.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1899 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Institutional investors have recently made changes to their positions in the business. HBW Advisory Services LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% during the 1st quarter. HBW Advisory Services LLC now owns 23,395 shares of the company’s stock worth $701,000 after purchasing an additional 499 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 1.2% in the first quarter. Private Advisor Group LLC now owns 280,508 shares of the company’s stock valued at $8,402,000 after buying an additional 3,323 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 45.9% during the first quarter. Janney Montgomery Scott LLC now owns 92,588 shares of the company’s stock worth $2,773,000 after buying an additional 29,118 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $4,099,000. Finally, RFG Advisory LLC raised its position in First Trust Emerging Markets AlphaDEX Fund by 45.5% during the first quarter. RFG Advisory LLC now owns 16,618 shares of the company’s stock worth $498,000 after acquiring an additional 5,200 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.