First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Shares Down 0.3% – Time to Sell?

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN)’s stock price fell 0.3% during trading on Thursday . The company traded as low as $16.93 and last traded at $16.99. 6,068 shares were traded during mid-day trading, a decline of 68% from the average session volume of 18,702 shares. The stock had previously closed at $17.05.

First Trust Latin America AlphaDEX Fund Stock Down 0.3 %

The stock has a market capitalization of $16.99 million, a price-to-earnings ratio of 5.99 and a beta of 1.09. The stock’s 50-day simple moving average is $17.95 and its 200 day simple moving average is $18.49.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.3823 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19. This represents a $1.53 dividend on an annualized basis and a yield of 9.00%.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLN. StoneX Group Inc. bought a new position in shares of First Trust Latin America AlphaDEX Fund in the first quarter worth about $217,000. Cottonwood Capital Advisors LLC raised its stake in shares of First Trust Latin America AlphaDEX Fund by 6.2% in the second quarter. Cottonwood Capital Advisors LLC now owns 18,203 shares of the company’s stock worth $335,000 after acquiring an additional 1,063 shares during the last quarter. Finally, Horizon Advisory Services Inc. raised its stake in shares of First Trust Latin America AlphaDEX Fund by 3.2% in the second quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock worth $390,000 after acquiring an additional 691 shares during 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.