First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading at $99.59

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)’s stock price dropped 0% during trading on Monday. The stock traded as low as $99.45 and last traded at $99.59. 1,262 shares were traded during trading, a decline of 72% from the average session volume of 4,545 shares. The stock had previously closed at $99.61.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 0.0%

The company has a market cap of $15.93 million, a price-to-earnings ratio of 12.49 and a beta of 0.80. The business has a 50-day moving average price of $97.97 and a 200 day moving average price of $93.50.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% in the first quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock valued at $70,000 after purchasing an additional 183 shares in the last quarter. World Investment Advisors boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the fourth quarter. World Investment Advisors now owns 11,982 shares of the company’s stock worth $949,000 after purchasing an additional 534 shares in the last quarter. Maia Wealth LLC increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% during 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 during the last quarter. Cetera Investment Advisers lifted its position in shares of 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 worth $2,346,000 after buying an additional 1,645 shares during the last quarter. Finally, Ferguson Shapiro LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% during the 1st quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock worth $17,895,000 after acquiring an additional 121,708 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.