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 stock price rose 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 changed hands during mid-day 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 firm has a market cap of $35.36 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. The business has a 50 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 declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.2349 per share. This represents a $0.94 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FLN. Raymond James Financial Inc. purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the second quarter valued at approximately $35,000. Balboa Wealth Partners purchased a new stake in First Trust Latin America AlphaDEX Fund in the 1st quarter worth approximately $204,000. Triad Wealth Partners LLC purchased a new stake in First Trust Latin America AlphaDEX Fund in the 4th quarter worth approximately $238,000. Cetera Investment Advisers raised its holdings in First Trust Latin America AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after acquiring an additional 765 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of First Trust Latin America AlphaDEX Fund by 6.5% during the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock worth $723,000 after purchasing an additional 1,942 shares during the period.

About First Trust Latin America AlphaDEX Fund

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.