Home Hedge Funds First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Declares Dividend Increase – $0.54...

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Declares Dividend Increase – $0.54 Per Share

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First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Rating) announced a quarterly dividend on Thursday, June 23rd, Zacks reports. Investors of record on Monday, June 27th will be paid a dividend of 0.54 per share on Thursday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date is Friday, June 24th. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.01.

FEM stock opened at $21.39 on Friday. The business has a 50 day moving average price of $23.39 and a two-hundred day moving average price of $24.95. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $21.07 and a twelve month high of $29.24.

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in First Trust Emerging Markets AlphaDEX Fund by 23.9% in the first quarter. Bank of America Corp DE now owns 646,918 shares of the company’s stock valued at $16,264,000 after purchasing an additional 124,909 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 7.0% during the 1st quarter. Royal Bank of Canada now owns 586,040 shares of the company’s stock worth $14,733,000 after acquiring an additional 38,165 shares during the period. UBS Group AG boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 5.3% during the 1st quarter. UBS Group AG now owns 485,385 shares of the company’s stock worth $12,203,000 after acquiring an additional 24,570 shares during the period. Raymond James & Associates boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 1.1% during the 1st quarter. Raymond James & Associates now owns 93,926 shares of the company’s stock worth $2,361,000 after acquiring an additional 1,064 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth approximately $1,779,000.

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