First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Shares Up 1.5% – Still a Buy?

Shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) shot up 1.5% on Monday . The company traded as high as $25.24 and last traded at $25.2410. 47,966 shares were traded during 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 Price Performance

The stock has a market capitalization of $24.36 million, a P/E ratio of 9.93 and a beta of 0.91. The firm has a 50 day moving average of $25.55 and a 200-day moving average of $23.02.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.3093 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. LPL Financial LLC lifted its position in First Trust Latin America AlphaDEX Fund by 65.3% in the fourth quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after purchasing an additional 40,773 shares during the period. Cetera Investment Advisers increased its holdings in First Trust Latin America AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after buying an additional 765 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at $35,000. Farther Finance Advisors LLC raised its stake in shares of 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 in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter worth about $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.