First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 0.3% – Here’s What Happened

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) shares shot up 0.3% during trading on Wednesday . The stock traded as high as $93.23 and last traded at $93.09. 1,480 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 4,864 shares. The stock had previously closed at $92.78.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The firm has a 50-day simple moving average of $93.60 and a 200-day simple moving average of $88.80. The stock has a market cap of $78.26 million, a PE ratio of 12.49 and a beta of 0.78.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $1.1214 dividend. This represents a $4.49 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05.

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

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.1% in the 1st quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock worth $2,346,000 after purchasing an additional 1,645 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% during the 1st quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock valued at $70,000 after buying an additional 183 shares in the last quarter. Ferguson Shapiro LLC lifted its position in 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 worth $17,895,000 after buying an additional 121,708 shares during the last quarter. World Investment Advisors lifted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock worth $949,000 after buying an additional 534 shares during the last quarter. Finally, Maia Wealth LLC boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% in the fourth quarter. Maia Wealth LLC now owns 14,334 shares of the company’s stock worth $1,257,000 after buying an additional 1,375 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.