First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Trading Down 0.7% – Should You Sell?

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) dropped 0.7% during mid-day trading on Thursday . The stock traded as low as $25.84 and last traded at $25.90. Approximately 32,251 shares were traded 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 Stock Performance

The firm has a market cap of $36.26 million, a P/E ratio of 9.93 and a beta of 0.79. The firm has a fifty day moving average of $26.22 and a 200-day moving average of $24.86.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2349 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.94 annualized dividend and a dividend yield of 3.6%.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FLN. Raymond James Financial Inc. bought a new stake in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter worth approximately $35,000. Balboa Wealth Partners bought a new position in First Trust Latin America AlphaDEX Fund in the 1st quarter worth approximately $204,000. Triad Wealth Partners LLC bought a new position in First Trust Latin America AlphaDEX Fund in the 4th quarter worth approximately $238,000. Cetera Investment Advisers acquired a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at approximately $523,000. Finally, Farther Finance Advisors LLC raised its stake in 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 in the last quarter.

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.