First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Trading 3.3% Higher – Here’s What Happened

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN)’s share price was up 3.3% during mid-day trading on Thursday . The stock traded as high as $25.36 and last traded at $25.26. Approximately 7,632 shares were traded during trading, a decline of 68% from the average daily volume of 23,601 shares. The stock had previously closed at $24.45.

First Trust Latin America AlphaDEX Fund Stock Up 3.3%

The stock has a market cap of $35.36 million, a PE ratio of 9.93 and a beta of 0.76. The firm has a fifty day moving average of $26.32 and a 200 day moving average of $25.19.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.2349 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLN. Cetera Investment Advisers purchased a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at approximately $523,000. Raymond James Financial Inc. acquired a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth approximately $35,000. Triad Wealth Partners LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter worth approximately $238,000. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 6.5% in the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock valued at $723,000 after buying an additional 1,942 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 65.3% in the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock valued at $2,341,000 after buying an additional 40,773 shares during the period.

First Trust Latin America AlphaDEX Fund Company Profile

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.