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

Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) traded down 0% on Monday. The stock traded as low as $99.45 and last traded at $99.59. Approximately 1,262 shares were traded during mid-day trading, a decline of 72% from the average daily 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 firm has a market capitalization of $15.93 million, a price-to-earnings ratio of 12.49 and a beta of 0.80. The company has a fifty day moving average price of $97.79 and a 200-day moving average price of $93.38.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RFEM. Ferguson Shapiro LLC increased its holdings 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 valued at $17,895,000 after acquiring an additional 121,708 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 6.1% during the first quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock worth $2,346,000 after purchasing an additional 1,645 shares during the period. International Assets Investment Management LLC boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% during the first quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock worth $70,000 after purchasing an additional 183 shares during the period. World Investment Advisors grew its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the fourth quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after purchasing an additional 534 shares during the last quarter. Finally, Maia Wealth LLC grew its holdings 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 valued at $1,257,000 after purchasing an additional 1,375 shares during 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.