First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Raises Dividend to $0.31 Per Share

by · The Markets Daily

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Friday, December 12th will be paid a dividend of 0.3093 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, December 12th. This is a 259.7% increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of FLN stock opened at $22.84 on Friday. The stock has a market capitalization of $15.99 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a 1 year low of $15.03 and a 1 year high of $23.43. The company’s fifty day simple moving average is $21.78 and its two-hundred day simple moving average is $20.60.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth approximately $35,000. Cottonwood Capital Advisors LLC increased its stake in shares of First Trust Latin America AlphaDEX Fund by 8.8% in the third quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock worth $653,000 after buying an additional 2,457 shares during the period. Coppell Advisory Solutions LLC raised its holdings in First Trust Latin America AlphaDEX Fund by 39.1% during the 1st quarter. Coppell Advisory Solutions LLC now owns 11,881 shares of the company’s stock valued at $221,000 after buying an additional 3,337 shares during the last quarter. OLD Mission Capital LLC boosted its position in First Trust Latin America AlphaDEX Fund by 95.1% during the 1st quarter. OLD Mission Capital LLC now owns 40,974 shares of the company’s stock valued at $710,000 after buying an additional 19,968 shares during the period. Finally, Cetera Investment Advisers bought a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth $523,000.

First Trust Latin America AlphaDEX Fund Company Profile

(Get Free Report)

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.

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