First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Stock Price Up 3.3% – Should You Buy?

Shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) traded up 3.3% during mid-day trading on Thursday . The company traded as high as $25.36 and last traded at $25.26. 7,632 shares traded hands during trading, a decline of 68% from the average session volume of 23,601 shares. The stock had previously closed at $24.45.

First Trust Latin America AlphaDEX Fund Stock Performance

The business’s 50-day moving average price is $26.31 and its 200-day moving average price is $25.19. The stock has a market cap of $35.70 million, a P/E ratio of 9.93 and a beta of 0.76.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.2349 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its position in shares of First Trust Latin America AlphaDEX Fund by 65.3% during 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 period. D.A. Davidson & CO. bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 1st quarter valued at $1,549,000. Farther Finance Advisors LLC grew its position 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 valued at $723,000 after acquiring an additional 1,942 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Latin America AlphaDEX Fund by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock valued at $729,000 after acquiring an additional 3,040 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter valued at $238,000.

First Trust Latin America AlphaDEX Fund Company Profile

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.