First Trust Latin America AlphaDEX Fund Announces Quarterly Dividend of $0.15 (NASDAQ:FLN)

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.1512 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 24th.

First Trust Latin America AlphaDEX Fund Stock Down 2.7%

Shares of First Trust Latin America AlphaDEX Fund stock opened at $25.98 on Thursday. First Trust Latin America AlphaDEX Fund has a 52-week low of $19.87 and a 52-week high of $28.50. The company has a market capitalization of $45.47 million, a P/E ratio of 9.93 and a beta of 0.76. The company has a 50 day moving average of $25.81 and a 200 day moving average of $25.76.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Balboa Wealth Partners purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter valued at $204,000. GK Wealth Management LLC purchased a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth approximately $268,000. Cetera Investment Advisers lifted its stake in First Trust Latin America AlphaDEX Fund by 11.9% in the first quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock valued at $729,000 after buying an additional 3,040 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Latin America AlphaDEX Fund by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 33,155 shares of the company’s stock valued at $820,000 after acquiring an additional 1,455 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter valued at $1,549,000.

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.