First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) to Issue Quarterly Dividend of $0.19

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.1899 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, June 25th. This is a 468.6% increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.7%

FEM stock opened at $31.55 on Thursday. The business’s 50-day simple moving average is $32.60 and its 200 day simple moving average is $30.49. The company has a market cap of $709.88 million, a PE ratio of 9.20 and a beta of 0.60. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $24.19 and a twelve month high of $35.61.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signature Equity Partners LLC boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% in the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after purchasing an additional 349 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 0.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 39,068 shares of the company’s stock worth $1,161,000 after buying an additional 354 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 3.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,675 shares of the company’s stock valued at $292,000 after acquiring an additional 397 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after acquiring an additional 408 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% in the 4th quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock worth $525,000 after acquiring an additional 415 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.