25,125 Rareview Dynamic Fixed Income ETF $RDFI Shares Bought by Noble Wealth Management PBC

Noble Wealth Management PBC lifted its holdings in Rareview Dynamic Fixed Income ETF (BATS:RDFI) by 272.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,353 shares of the company’s stock after acquiring an additional 25,125 shares during the quarter. Noble Wealth Management PBC owned approximately 1.63% of Rareview Dynamic Fixed Income ETF worth $745,000 at the end of the most recent reporting period.

Rareview Dynamic Fixed Income ETF Stock Down 0.4%

RDFI stock traded down $0.09 during midday trading on Thursday, reaching $21.59. 16,379 shares of the company’s stock traded hands, compared to its average volume of 14,895. The company has a 50-day simple moving average of $22.95 and a two-hundred day simple moving average of $23.28. Rareview Dynamic Fixed Income ETF has a 1-year low of $21.44 and a 1-year high of $25.61. The company has a market cap of $45.55 million, a price-to-earnings ratio of 22.64 and a beta of 0.50.

Rareview Dynamic Fixed Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.1629 per share. The ex-dividend date was Tuesday, August 4th. This is a boost from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1605. This represents a $1.96 annualized dividend and a dividend yield of 9.1%.

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.