First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Trading Up 1.8% – Here’s What Happened

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)’s stock price rose 1.8% on Friday . The company traded as high as $86.66 and last traded at $86.4850. Approximately 1,683 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 4,735 shares. The stock had previously closed at $84.98.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

The business’s 50-day moving average is $81.85 and its 200-day moving average is $78.33. The company has a market capitalization of $148.75 million, a PE ratio of 12.09 and a beta of 0.88.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.9961 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.38. This represents a $3.98 annualized dividend and a dividend yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RFDI. Per Stirling Capital Management LLC. boosted its holdings in First Trust RiverFront Dynamic Developed International ETF by 3.9% in the second quarter. Per Stirling Capital Management LLC. now owns 205,166 shares of the company’s stock worth $14,961,000 after acquiring an additional 7,633 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust RiverFront Dynamic Developed International ETF by 11.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 147,934 shares of the company’s stock worth $10,787,000 after purchasing an additional 15,063 shares during the last quarter. Prospera Financial Services Inc boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 5.6% in the 3rd quarter. Prospera Financial Services Inc now owns 137,127 shares of the company’s stock worth $10,520,000 after purchasing an additional 7,247 shares in the last quarter. RiverFront Investment Group LLC grew its position in First Trust RiverFront Dynamic Developed International ETF by 10.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 124,939 shares of the company’s stock valued at $9,111,000 after purchasing an additional 12,053 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust RiverFront Dynamic Developed International ETF by 18.5% during the 2nd quarter. Cetera Investment Advisers now owns 93,760 shares of the company’s stock valued at $6,837,000 after purchasing an additional 14,622 shares during the last quarter.

About First Trust RiverFront Dynamic Developed International ETF

The First Trust RiverFront Dynamic Developed International ETF (RFDI) is an exchange-traded fund that is based on the FTSE Developed ex U.S. index. The fund is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. RFDI was launched on Apr 13, 2016 and is managed by First Trust.