First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Trading 0.7% Higher – What’s Next?

First Trust Latin America AlphaDEX Fund (NASDAQ:FLNGet Free Report) shot up 0.7% on Tuesday . The company traded as high as $26.76 and last traded at $26.71. 3,571 shares traded hands during trading, a decline of 81% from the average daily volume of 18,956 shares. The stock had previously closed at $26.53.

First Trust Latin America AlphaDEX Fund Stock Performance

The business has a 50-day moving average price of $25.80 and a 200 day moving average price of $25.75. The stock has a market capitalization of $44.07 million, a P/E ratio of 9.93 and a beta of 0.76.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.2525 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. This represents a $1.01 dividend on an annualized basis and a yield of 3.8%.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter worth about $1,549,000. Cetera Investment Advisers grew its position in First Trust Latin America AlphaDEX Fund by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock valued at $729,000 after purchasing an additional 3,040 shares during the last quarter. GK Wealth Management LLC purchased a new stake in First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at about $268,000. Finally, Balboa Wealth Partners bought a new stake in First Trust Latin America AlphaDEX Fund during the 1st quarter valued at about $204,000.

First Trust Latin America AlphaDEX Fund Company Profile

(Get Free Report)

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.

Further Reading

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