First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Stock Price Up 0.9% – Here’s Why

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)’s share price was up 0.9% during trading on Monday . The company traded as high as $86.03 and last traded at $86.03. Approximately 4,823 shares changed hands during trading, an increase of 36% from the average daily volume of 3,556 shares. The stock had previously closed at $85.23.

First Trust RiverFront Dynamic Developed International ETF Price Performance

The firm has a market cap of $154.13 million, a price-to-earnings ratio of 12.09 and a beta of 0.83. The business has a fifty day simple moving average of $84.38 and a 200 day simple moving average of $82.83.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.3485 dividend. This represents a $1.39 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of large investors have recently modified their holdings of RFDI. LPL Financial LLC lifted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 1.6% in the 4th quarter. LPL Financial LLC now owns 20,180 shares of the company’s stock valued at $1,625,000 after purchasing an additional 317 shares during the last quarter. Western Wealth Management LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the 1st quarter valued at about $37,000. Cerity Partners LLC raised its holdings in First Trust RiverFront Dynamic Developed International ETF by 3.3% in the 4th quarter. Cerity Partners LLC now owns 19,893 shares of the company’s stock valued at $1,602,000 after buying an additional 638 shares during the period. Wells Fargo & Company MN lifted its position in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock valued at $110,000 after buying an additional 1,371 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF during the fourth quarter worth about $111,000.

First Trust RiverFront Dynamic Developed International ETF Company Profile

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.