First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Increases Dividend to $0.19 Per Share

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Free Report) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be given 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%

Shares of First Trust Emerging Markets AlphaDEX Fund stock opened at $31.55 on Thursday. The firm’s 50 day moving average price is $32.60 and its 200-day moving average price is $30.49. First Trust Emerging Markets AlphaDEX Fund has a 52-week low of $24.19 and a 52-week high of $35.61. The company has a market cap of $709.88 million, a P/E ratio of 9.20 and a beta of 0.60.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the company. Greenup Street Wealth Management LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $4,099,000. Balboa Wealth Partners boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 9.7% in the 1st quarter. Balboa Wealth Partners now owns 9,206 shares of the company’s stock worth $276,000 after purchasing an additional 817 shares in the last quarter. MidFirst Bank acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth $63,000. Van Diest Capital LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth $227,000. Finally, Harbour Investments Inc. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 8.0% during the 4th quarter. Harbour Investments Inc. now owns 13,565 shares of the company’s stock worth $371,000 after buying an additional 1,003 shares during the last quarter.

About First Trust Emerging Markets AlphaDEX Fund

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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.

Further Reading

Dividend History for First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM)

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