First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Trading Up 2.1% – Here’s Why

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)’s stock price traded up 2.1% on Monday . The stock traded as high as $89.25 and last traded at $81.51. 4,162 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 4,032 shares. The stock had previously closed at $79.84.

First Trust RiverFront Dynamic Developed International ETF Price Performance

The stock has a market capitalization of $140.20 million, a P/E ratio of 12.09 and a beta of 0.88. The company’s 50-day simple moving average is $84.90 and its 200-day simple moving average is $80.62.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

Several hedge funds have recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 20,180 shares of the company’s stock valued at $1,625,000 after purchasing an additional 317 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in First Trust RiverFront Dynamic Developed International ETF in the second quarter valued at about $34,000. Cerity Partners LLC boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 3.3% during the fourth quarter. Cerity Partners LLC now owns 19,893 shares of the company’s stock valued at $1,602,000 after purchasing an additional 638 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 137,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock worth $110,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the fourth quarter worth about $111,000.

First Trust RiverFront Dynamic Developed International ETF Company Profile

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.