First Trust Latin America AlphaDEX Fund (FLN) to Distribute Quarterly Dividend of $0.25 on June 30th

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Thursday, June 25th will be given a dividend of 0.2525 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 7.5% increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

First Trust Latin America AlphaDEX Fund Price Performance

FLN opened at $24.73 on Friday. First Trust Latin America AlphaDEX Fund has a 12 month low of $18.51 and a 12 month high of $28.50. The stock’s 50 day moving average price is $26.00 and its 200 day moving average price is $25.36. The stock has a market cap of $34.62 million, a P/E ratio of 9.93 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLN. D.A. Davidson & CO. acquired a new stake in First Trust Latin America AlphaDEX Fund in the first quarter worth approximately $1,549,000. LPL Financial LLC lifted its holdings in 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 acquiring an additional 40,773 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at about $523,000. Triad Wealth Partners LLC bought a new position in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter valued at about $238,000. Finally, Balboa Wealth Partners acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter worth approximately $204,000.

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.