First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Announces Dividend Increase – $0.25 Per Share

First Trust Latin America AlphaDEX Fund (NASDAQ:FLNGet Free Report) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Thursday, June 25th will be paid a dividend of 0.2525 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, June 25th. This is a 7.5% increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of FLN stock opened at $24.66 on Thursday. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $18.51 and a fifty-two week high of $28.50. The company has a 50 day moving average price of $26.06 and a 200 day moving average price of $25.34. The stock has a market capitalization of $34.52 million, a P/E ratio of 9.93 and a beta of 0.76.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Large investors have recently modified their holdings of the stock. D.A. Davidson & CO. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the first quarter valued at $1,549,000. LPL Financial LLC grew its stake in 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 purchasing an additional 40,773 shares in the last quarter. Cetera Investment Advisers acquired a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth $523,000. Triad Wealth Partners LLC purchased a new stake in First Trust Latin America AlphaDEX Fund during the 4th quarter worth about $238,000. Finally, Balboa Wealth Partners purchased a new stake in First Trust Latin America AlphaDEX Fund during the 1st quarter worth about $204,000.

First Trust Latin America AlphaDEX Fund Company Profile

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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.

Further Reading

Dividend History for First Trust Latin America AlphaDEX Fund (NASDAQ:FLN)

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