First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Stock Breaks Below Two Hundred Day Moving Average – Time to Sell?

Shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $25.93 and traded as low as $23.33. First Trust Latin America AlphaDEX Fund shares last traded at $24.61, with a volume of 22,764 shares.

First Trust Latin America AlphaDEX Fund Stock Down 11.8%

The stock has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $25.93. The firm has a market capitalization of $41.84 million, a P/E ratio of 9.93 and a beta of 0.74.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.1512 per share. This is a decrease from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.2525. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLN. D.A. Davidson & CO. bought a new stake in First Trust Latin America AlphaDEX Fund during the 1st quarter valued at approximately $1,549,000. Envestnet Asset Management Inc. boosted its stake in First Trust Latin America AlphaDEX Fund by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 33,155 shares of the company’s stock worth $820,000 after purchasing an additional 1,455 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Latin America AlphaDEX Fund by 11.9% in the 1st quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock worth $729,000 after purchasing an additional 3,040 shares during the period. Revisor Wealth Management LLC boosted its stake in First Trust Latin America AlphaDEX Fund by 18.1% in the 3rd quarter. Revisor Wealth Management LLC now owns 16,406 shares of the company’s stock worth $436,000 after purchasing an additional 2,520 shares during the period. Finally, GK Wealth Management LLC purchased a new stake in First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at approximately $268,000.

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.