First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Stock Price Up 0.7% – What’s Next?

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN)’s stock price shot up 0.7% during trading on Tuesday . The company traded as high as $26.76 and last traded at $26.71. 3,571 shares were traded 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 Price Performance

The company has a market cap of $44.07 million, a P/E ratio of 9.93 and a beta of 0.76. The company’s 50-day moving average is $25.80 and its two-hundred day moving average is $25.75.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently announced 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 represents a $1.01 annualized dividend and a yield of 3.8%. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FLN. D.A. Davidson & CO. bought a new position in shares of First Trust Latin America AlphaDEX Fund during the first quarter valued at $1,549,000. Cetera Investment Advisers boosted its position in shares of First Trust Latin America AlphaDEX Fund by 11.9% during 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. GK Wealth Management LLC bought a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth about $268,000. Finally, Balboa Wealth Partners bought a new stake in First Trust Latin America AlphaDEX Fund in the 1st quarter worth about $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.