First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Up 0.2% – Should You Buy?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s stock price rose 0.2% during mid-day trading on Tuesday . The stock traded as high as $22.97 and last traded at $22.91. Approximately 39,091 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 87,551 shares. The stock had previously closed at $22.86.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The stock has a 50-day moving average price of $22.25 and a 200-day moving average price of $22.71. The company has a market capitalization of $398.63 million, a price-to-earnings ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1449 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently modified their holdings of FEM. Larson Financial Group LLC grew its stake in First Trust Emerging Markets AlphaDEX Fund by 33.1% in the 4th quarter. Larson Financial Group LLC now owns 1,943 shares of the company’s stock valued at $43,000 after buying an additional 483 shares during the last quarter. Synergy Investment Management LLC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth approximately $69,000. Tucker Asset Management LLC grew its position in shares of First Trust Emerging Markets AlphaDEX Fund by 23.3% in the fourth quarter. Tucker Asset Management LLC now owns 3,241 shares of the company’s stock valued at $71,000 after purchasing an additional 612 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 615.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,644 shares of the company’s stock worth $124,000 after purchasing an additional 4,855 shares during the period. Finally, Virtu Financial LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth approximately $206,000.

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.