First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $31.59 and traded as low as $31.06. First Trust Emerging Markets AlphaDEX Fund shares last traded at $31.47, with a volume of 82,792 shares.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The stock has a market cap of $769.44 million, a P/E ratio of 9.20 and a beta of 0.62. The firm has a 50 day moving average of $32.81 and a two-hundred day moving average of $31.59.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.2849 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899. The ex-dividend date was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently modified their holdings of the business. Asset Allocation Strategies LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $277,000. Parallel Advisors LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter valued at $59,000. Bank of America Corp DE boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 24.4% in the 1st quarter. Bank of America Corp DE now owns 1,303,530 shares of the company’s stock valued at $39,045,000 after purchasing an additional 255,989 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 25.2% in the 1st quarter. Cetera Investment Advisers now owns 365,701 shares of the company’s stock valued at $10,954,000 after purchasing an additional 73,681 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter worth $366,000.

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.