First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Stock Price Down 0.7% – Time to Sell?

Shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) were down 0.7% during trading on Thursday . The company traded as low as $25.84 and last traded at $25.90. Approximately 32,251 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 25,669 shares. The stock had previously closed at $26.09.

First Trust Latin America AlphaDEX Fund Trading Down 1.3%

The stock’s fifty day simple moving average is $26.22 and its 200 day simple moving average is $24.87. The company has a market cap of $36.01 million, a price-to-earnings ratio of 9.93 and a beta of 0.79.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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%.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position 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 buying an additional 40,773 shares during the period. D.A. Davidson & CO. purchased a new position in First Trust Latin America AlphaDEX Fund in the 1st quarter valued at approximately $1,549,000. Farther Finance Advisors LLC boosted its position in First Trust Latin America AlphaDEX Fund by 6.5% in the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock valued at $723,000 after buying an additional 1,942 shares during the period. Cetera Investment Advisers boosted its position in First Trust Latin America AlphaDEX Fund by 11.9% in the 1st 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 period. Finally, Triad Wealth Partners LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the 4th quarter valued at $238,000.

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.