First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Trading 1.5% Higher – What’s Next?

Shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) shot up 1.5% during mid-day trading on Monday . The stock traded as high as $25.24 and last traded at $25.2410. 47,966 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 26,837 shares. The stock had previously closed at $24.88.

First Trust Latin America AlphaDEX Fund Stock Up 1.5%

The stock has a market capitalization of $23.98 million, a P/E ratio of 9.93 and a beta of 0.91. The stock has a 50 day simple moving average of $25.50 and a two-hundred day simple moving average of $22.98.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.3093 dividend. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. This represents a $1.24 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings 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 worth $2,341,000 after buying an additional 40,773 shares during the period. Envestnet Asset Management Inc. acquired a new stake in First Trust Latin America AlphaDEX Fund during the second quarter worth approximately $530,000. Cetera Investment Advisers acquired a new stake in First Trust Latin America AlphaDEX Fund during the second quarter worth approximately $523,000. Coppell Advisory Solutions LLC boosted its holdings in shares of First Trust Latin America AlphaDEX Fund by 106.1% during the second quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock worth $479,000 after acquiring an additional 12,600 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the fourth quarter valued at approximately $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.