First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sets New 1-Year High – Here’s Why

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.07 and last traded at $33.0350, with a volume of 25332 shares changing hands. The stock had previously closed at $32.49.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The stock has a market cap of $751.05 million, a P/E ratio of 9.20 and a beta of 0.58. The firm’s 50-day moving average price is $30.89 and its 200-day moving average price is $28.94.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FEM. Chicago Partners Investment Group LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 0.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 39,068 shares of the company’s stock worth $1,161,000 after buying an additional 354 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 3.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,675 shares of the company’s stock valued at $292,000 after purchasing an additional 397 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares during the period. Formidable Asset Management LLC boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% during the fourth quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock valued at $525,000 after purchasing an additional 415 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 4.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,318 shares of the company’s stock valued at $282,000 after purchasing an additional 440 shares during the period.

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.