First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Down 0.2% – Here’s What Happened

Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) dropped 0.2% during mid-day trading on Monday . The company traded as low as $81.30 and last traded at $82.55. Approximately 5,023 shares traded hands during trading, a decline of 33% from the average daily volume of 7,478 shares. The stock had previously closed at $82.70.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The company’s 50 day moving average is $84.82 and its 200 day moving average is $79.83. The stock has a market capitalization of $59.05 million, a price-to-earnings ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.6469 per share. The ex-dividend date was Friday, December 12th. This represents a $2.59 annualized dividend and a dividend yield of 3.1%.

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

Hedge funds have recently made changes to their positions in the stock. Elevated Capital Advisors LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at about $47,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $53,000. MGO One Seven LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at approximately $453,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at approximately $472,000.

About First Trust RiverFront Dynamic Emerging Markets ETF

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.