Ferguson Shapiro LLC Has $17.89 Million Position in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

Ferguson Shapiro LLC raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 126.6% during the first quarter, Holdings Channel reports. The firm owned 217,818 shares of the company’s stock after buying an additional 121,708 shares during the period. First Trust RiverFront Dynamic Emerging Markets ETF comprises 5.5% of Ferguson Shapiro LLC’s holdings, making the stock its 6th biggest holding. Ferguson Shapiro LLC owned 0.26% of First Trust RiverFront Dynamic Emerging Markets ETF worth $17,895,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% in the 2nd quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock worth $1,155,000 after buying an additional 9,002 shares in the last quarter. Maia Wealth LLC boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 55.7% in the 3rd quarter. Maia Wealth LLC now owns 12,959 shares of the company’s stock valued at $1,022,000 after buying an additional 4,636 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the fourth quarter valued at $472,000. Elevated Capital Advisors LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the fourth quarter valued at $47,000. Finally, MGO One Seven LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the fourth quarter valued at $330,000.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

First Trust RiverFront Dynamic Emerging Markets ETF stock opened at $94.05 on Wednesday. The firm has a market capitalization of $79.94 million, a P/E ratio of 12.49 and a beta of 0.78. The stock has a fifty day moving average price of $93.50 and a two-hundred day moving average price of $87.09. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $70.73 and a 52-week high of $97.64.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $1.1214 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.49 annualized dividend and a yield of 4.8%. This is an increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05.

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.