Yes. In order to integrate the alerts feeds into RSS feed readers (e.g. Feedly), please go to the “Manage” tab of your Alerts account, then click on the RSS icon in front of the alert in order to copy its URL, and paste it as a new source into your feed reader, same way you would add any new source.
If you wish to integrate all of your alerts at once, please click on the master RSS icon that is in the title bar to get the right feed URL, and paste it as a new source into your feed reader.