First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sets New 52-Week High – Should You Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $28.89 and last traded at $28.8650, with a volume of 8543 shares. The stock had previously closed at $28.66.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The company has a market cap of $507.33 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. The company’s fifty day moving average is $27.20 and its two-hundred day moving average is $26.48.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.2092 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during 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 last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth about $51,000. Rossby Financial LCC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 34.7% during the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock worth $61,000 after acquiring an additional 580 shares during the period. Ameritas Advisory Services LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter valued at approximately $115,000. Finally, NewEdge Advisors LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at approximately $165,000.

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.