First Trust RiverFront Dynamic Emerging Markets ETF Declares Quarterly Dividend of $0.05 (NASDAQ:RFEM)

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.0496 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

First Trust RiverFront Dynamic Emerging Markets ETF stock traded down $2.07 during trading hours on Thursday, reaching $80.67. The stock had a trading volume of 2,254 shares, compared to its average volume of 7,022. The company has a market cap of $56.47 million, a price-to-earnings ratio of 12.49 and a beta of 0.70. The business’s 50 day moving average price is $85.19 and its 200-day moving average price is $80.50. First Trust RiverFront Dynamic Emerging Markets ETF has a 52 week low of $57.44 and a 52 week high of $89.93.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of RFEM. Cetera Investment Advisers boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 153.7% in the second quarter. Cetera Investment Advisers now owns 22,033 shares of the company’s stock valued at $1,574,000 after acquiring an additional 13,350 shares in the last quarter. Maia Wealth LLC increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 37.8% during the second quarter. Maia Wealth LLC now owns 8,323 shares of the company’s stock worth $595,000 after purchasing an additional 2,284 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3.3% during the 2nd quarter. Baird Financial Group Inc. now owns 47,655 shares of the company’s stock valued at $3,404,000 after purchasing an additional 1,511 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% during the 2nd quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock valued at $1,155,000 after purchasing an additional 9,002 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 85.7% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 15,115 shares of the company’s stock worth $1,075,000 after purchasing an additional 6,974 shares in the last quarter.

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.