First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Announces Quarterly Dividend of $0.28

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.2849 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 50.0% increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.19.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.5%

Shares of FEM opened at $32.58 on Thursday. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $25.85 and a 12 month high of $35.61. The stock has a market cap of $809.71 million, a price-to-earnings ratio of 9.20 and a beta of 0.61. The company has a 50-day moving average price of $32.35 and a two-hundred day moving average price of $31.94.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter valued at $59,000. Fifth Third Bancorp bought a new stake in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $366,000. First Trust Advisors LP boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 2,581.4% in the first quarter. First Trust Advisors LP now owns 758,297 shares of the company’s stock valued at $22,714,000 after buying an additional 730,017 shares in the last quarter. IMG Wealth Management Inc. bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter worth about $1,278,000. Finally, Assetmark Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 41.2% in the 1st quarter. Assetmark Inc. now owns 321,004 shares of the company’s stock valued at $9,615,000 after purchasing an additional 93,615 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.