First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Share Price Passes Above 50-Day Moving Average – Here’s Why

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $46.43 and traded as high as $48.26. First Trust Emerging Markets Small Cap AlphaDEX Fund shares last traded at $47.80, with a volume of 37,107 shares trading hands.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Down 1.4%

The company has a 50-day moving average of $46.43 and a 200 day moving average of $44.72. The firm has a market capitalization of $265.29 million, a PE ratio of 8.10 and a beta of 0.51.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3033 per share. This represents a $1.21 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEMS. Crusonia Wealth Advisors LLC purchased a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth about $2,481,000. Flow Traders U.S. LLC purchased a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the third quarter worth about $2,427,000. VestGen Advisors LLC grew its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 64.6% during the fourth quarter. VestGen Advisors LLC now owns 71,601 shares of the exchange traded fund’s stock worth $3,014,000 after buying an additional 28,091 shares in the last quarter. Citadel Advisors LLC purchased a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the third quarter worth about $562,000. Finally, Private Advisor Group LLC grew its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% during the fourth quarter. Private Advisor Group LLC now owns 121,988 shares of the exchange traded fund’s stock worth $5,135,000 after buying an additional 10,472 shares in the last quarter.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

The First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM Small Cap index. The fund aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics. FEMS was launched on Feb 15, 2012 and is managed by First Trust.