First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Stock Price Up 0.7% - What's Next?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report)'s stock price rose 0.7% during trading on Tuesday . The company traded as high as $22.79 and last traded at $22.71. Approximately 58,257 shares were traded during trading, a decline of 4% from the average daily volume of 60,861 shares. The stock had previously closed at $22.55.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

The firm has a market capitalization of $417.50 million, a P/E ratio of 5.06 and a beta of 0.85. The firm's 50-day moving average is $22.97 and its 200 day moving average is $23.43.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.3247 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.24. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.72%.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 19,213.2% during the 3rd quarter. International Assets Investment Management LLC now owns 828,343 shares of the company's stock valued at $198,470,000 after purchasing an additional 824,054 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth approximately $9,833,000. Private Advisor Group LLC boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 679.5% during the second quarter. Private Advisor Group LLC now owns 157,356 shares of the company's stock worth $3,767,000 after acquiring an additional 137,170 shares during the period. Atria Investments Inc acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at approximately $1,184,000. Finally, Jane Street Group LLC increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 63.7% during the third quarter. Jane Street Group LLC now owns 102,608 shares of the company's stock worth $2,458,000 after purchasing an additional 39,918 shares during the period.

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.