First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Down 1.3% – Time to Sell?

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)’s share price traded down 1.3% on Thursday . The company traded as low as $22.55 and last traded at $22.63. 74,088 shares traded hands during trading, an increase of 25% from the average session volume of 59,192 shares. The stock had previously closed at $22.93.

First Trust Emerging Markets AlphaDEX Fund Price Performance

The company has a market capitalization of $424.12 million, a P/E ratio of 5.06 and a beta of 0.85. The stock’s fifty day simple moving average is $23.20 and its 200-day simple moving average is $23.68.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.3247 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.30 dividend on an annualized basis and a yield of 5.63%. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the second quarter valued at approximately $9,833,000. Cetera Advisors LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2,216.7% during the first quarter. Cetera Advisors LLC now owns 354,854 shares of the company’s stock worth $8,116,000 after purchasing an additional 339,537 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 679.5% in the second quarter. Private Advisor Group LLC now owns 157,356 shares of the company’s stock valued at $3,767,000 after buying an additional 137,170 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at about $2,647,000. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 16.6% during the first quarter. Cetera Investment Advisers now owns 460,439 shares of the company’s stock worth $10,530,000 after purchasing an additional 65,598 shares in the last quarter.

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.