First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw an uptick in trading volume on Friday . 192,414 shares changed hands during trading, an increase of 165% from the previous session’s volume of 72,719 shares.The stock last traded at $29.6150 and had previously closed at $29.47.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The firm has a 50 day moving average price of $27.57 and a two-hundred day moving average price of $26.78. The company has a market capitalization of $524.73 million, a P/E ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.2092 per share. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. UBS Group AG grew its stake in First Trust Emerging Markets AlphaDEX Fund by 21.7% during the third quarter. UBS Group AG now owns 641,416 shares of the company’s stock worth $17,382,000 after buying an additional 114,386 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 32.8% during the 2nd quarter. Raymond James Financial Inc. now owns 374,921 shares of the company’s stock valued at $9,208,000 after purchasing an additional 92,616 shares in the last quarter. CWM LLC raised its position in First Trust Emerging Markets AlphaDEX Fund by 147.2% in the 2nd quarter. CWM LLC now owns 115,325 shares of the company’s stock valued at $2,832,000 after purchasing an additional 68,677 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $951,000. Finally, Assetmark Inc. increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 19.5% in the second quarter. Assetmark Inc. now owns 214,673 shares of the company’s stock valued at $5,272,000 after buying an additional 35,099 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.