First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading 0.9% Higher – What’s Next?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)’s stock price was up 0.9% during trading on Wednesday . The stock traded as high as $96.85 and last traded at $96.74. 2,526 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 4,768 shares. The stock had previously closed at $95.88.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The business’s 50-day moving average price is $93.53 and its 200 day moving average price is $89.90. The stock has a market capitalization of $82.23 million, a PE ratio of 12.49 and a beta of 0.79.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $1.1214 dividend. This represents a $4.49 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RFEM. Ferguson Shapiro LLC raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% in the 1st quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock valued at $17,895,000 after acquiring an additional 121,708 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% during the fourth quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock worth $6,121,000 after purchasing an additional 24,618 shares in the last quarter. Janney Montgomery Scott LLC increased 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 worth $5,729,000 after purchasing an additional 2,975 shares during the last quarter. Prospera Financial Services Inc increased 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 worth $2,963,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 6.1% in the first quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock valued at $2,346,000 after purchasing an additional 1,645 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.