First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Increases Dividend to $0.19 Per Share

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.1899 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 468.6% increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEM opened at $31.55 on Thursday. The business has a fifty day moving average of $32.60 and a 200-day moving average of $30.49. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $24.19 and a twelve month high of $35.61. The firm has a market cap of $709.88 million, a PE ratio of 9.20 and a beta of 0.60.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after acquiring an additional 349 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of 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 purchasing an additional 354 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew 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 last quarter. Geneos Wealth Management Inc. grew 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 last quarter. Finally, Formidable Asset Management LLC increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% in 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 in 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.