First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading 0.1% Higher – Still a Buy?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)’s stock price rose 0.1% during mid-day trading on Monday . The company traded as high as $91.37 and last traded at $91.10. Approximately 5,432 shares changed hands during trading, a decline of 7% from the average daily volume of 5,847 shares. The stock had previously closed at $91.00.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Up 0.1%

The company has a market cap of $77.44 million, a P/E ratio of 12.49 and a beta of 0.79. The business has a fifty day moving average price of $87.18 and a 200-day moving average price of $83.62.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0496 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ferguson Shapiro LLC raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% in the first quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock valued at $17,895,000 after buying an additional 121,708 shares in the last quarter. LPL Financial LLC raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% in the fourth quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock valued at $6,121,000 after buying an additional 24,618 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 72,344 shares of the company’s stock valued at $5,729,000 after buying an additional 2,975 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1.7% in the third quarter. Envestnet Asset Management Inc. now owns 57,120 shares of the company’s stock valued at $4,332,000 after buying an additional 933 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the fourth quarter. Prospera Financial Services Inc now owns 37,417 shares of the company’s stock valued at $2,963,000 after buying an additional 1,684 shares in the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

The First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is an exchange-traded fund that is based on the Benchmark for RFEM Fund index. The fund is actively-managed to select in emerging market stocks using multiple factors. The manager has discretion to hedge currency exposure up to 100% of the portfolio. RFEM was launched on Jun 14, 2016 and is managed by First Trust.