First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Stock Price Up 0.7% – Here’s Why

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) shares rose 0.7% during trading on Tuesday . The company traded as high as $26.76 and last traded at $26.71. 3,571 shares traded hands 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 Trading Down 2.4%

The company has a market cap of $44.91 million, a PE ratio of 9.93 and a beta of 0.76. The business’s 50-day simple moving average is $25.81 and its 200-day simple moving average is $25.76.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a dividend of $0.1512 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in 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 worth $820,000 after purchasing an additional 1,455 shares in the last quarter. Cetera Investment Advisers raised its holdings in 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 in the last quarter. Balboa Wealth Partners acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the first quarter worth about $204,000. GK Wealth Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the second quarter worth about $268,000. Finally, D.A. Davidson & CO. bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 1st quarter worth about $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.