First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading 0.2% Higher – What’s Next?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) shares traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $99.22 and last traded at $99.19. Approximately 2,034 shares were traded during trading, a decline of 56% from the average daily volume of 4,635 shares. The stock had previously closed at $99.00.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The stock’s fifty day moving average price is $94.55 and its 200 day moving average price is $91.18. The stock has a market capitalization of $84.31 million, a P/E ratio of 12.49 and a beta of 0.80.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $1.1214 dividend. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.49 annualized dividend and a yield of 4.5%.

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

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% during the second quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock valued at $1,155,000 after acquiring an additional 9,002 shares in the last quarter. Maia Wealth LLC grew its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 55.7% in the third quarter. Maia Wealth LLC now owns 12,959 shares of the company’s stock worth $1,022,000 after purchasing an additional 4,636 shares in the last quarter. MGO One Seven LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the fourth quarter worth approximately $330,000. International Assets Investment Management LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth $53,000. Finally, World Investment Advisors increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock worth $949,000 after purchasing an additional 534 shares during the period.

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.