First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $65.56 and traded as low as $64.31. First Trust RiverFront Dynamic Emerging Markets ETF shares last traded at $64.52, with a volume of 1,949 shares.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The company has a fifty day moving average of $66.32 and a two-hundred day moving average of $65.57. The firm has a market capitalization of $29.03 million, a price-to-earnings ratio of 7.49 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.3293 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, September 26th.

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

A number of hedge funds have recently bought and sold shares of RFEM. GAMMA Investing LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the 2nd quarter valued at about $62,000. J.W. Cole Advisors Inc. boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% in the third quarter. J.W. Cole Advisors Inc. now owns 26,060 shares of the company’s stock valued at $1,776,000 after buying an additional 1,842 shares during the period. Maia Wealth LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the third quarter worth approximately $218,000. Hilltop Holdings Inc. increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock worth $683,000 after acquiring an additional 219 shares during the period. Finally, World Investment Advisors LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter valued at $552,000.

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.