First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Announces $0.23 Quarterly Dividend

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) declared a quarterly dividend on Wednesday, March 25th. Investors of record on Thursday, March 26th will be paid a dividend of 0.2349 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, March 26th.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of NASDAQ:FLN opened at $25.62 on Thursday. The stock’s 50-day moving average is $25.89 and its 200 day moving average is $23.34. The company has a market cap of $24.33 million, a PE ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a 1 year low of $15.75 and a 1 year high of $28.50.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its holdings in First Trust Latin America AlphaDEX Fund by 3.1% in the fourth quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after acquiring an additional 765 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC increased its position in shares of First Trust Latin America AlphaDEX Fund by 6.5% during the fourth 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 during the period. Cottonwood Capital Advisors LLC raised its stake in 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 in the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in First Trust Latin America AlphaDEX Fund in the fourth 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.