First Trust RiverFront Dynamic Emerging Markets ETF $RFEM Position Lifted by Prospera Financial Services Inc

Prospera Financial Services Inc raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 33,698 shares of the company’s stock after purchasing an additional 856 shares during the period. Prospera Financial Services Inc owned 0.07% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,407,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RFEM. Freedom Investment Management Inc. grew its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% in the first quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock worth $275,000 after purchasing an additional 481 shares in the last quarter. World Investment Advisors raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% during the second quarter. World Investment Advisors now owns 10,378 shares of the company’s stock valued at $741,000 after buying an additional 606 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 27,666 shares of the company’s stock worth $1,801,000 after buying an additional 1,279 shares during the last quarter. Maia Wealth LLC grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 33.6% in the 1st quarter. Maia Wealth LLC now owns 6,039 shares of the company’s stock worth $378,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the 1st quarter. Baird Financial Group Inc. now owns 46,144 shares of the company’s stock valued at $3,003,000 after acquiring an additional 2,081 shares during the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 1.5%

RFEM stock opened at $78.85 on Tuesday. The stock’s 50 day simple moving average is $76.67 and its 200 day simple moving average is $72.63. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $57.44 and a 12-month high of $79.43. The firm has a market cap of $47.31 million, a P/E ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.6574 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 25th.

First Trust RiverFront Dynamic Emerging Markets ETF Profile

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.