First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Stock Price Down 0.5% – Here’s Why

Shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) were down 0.5% during mid-day trading on Thursday . The company traded as low as $88.42 and last traded at $88.59. 1,437 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 3,817 shares. The stock had previously closed at $89.01.

First Trust RiverFront Dynamic Developed International ETF Stock Down 0.5%

The firm’s 50-day moving average price is $87.15 and its 200 day moving average price is $85.34. The firm has a market cap of $161.23 million, a P/E ratio of 12.09 and a beta of 0.82.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $1.0702 dividend. The ex-dividend date was Thursday, June 25th. This represents a $4.28 annualized dividend and a yield of 4.8%. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth approximately $2,592,000. Cetera Investment Advisers increased its position in First Trust RiverFront Dynamic Developed International ETF by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after acquiring an additional 29,804 shares during the period. Cerity Partners LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at $1,299,000. Claris Financial LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at $1,357,000. Finally, Prospera Financial Services Inc boosted its position in First Trust RiverFront Dynamic Developed International ETF by 4.3% during the 4th quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after acquiring an additional 5,846 shares during the period.

About First Trust RiverFront Dynamic Developed International ETF

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.