First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 0.1% – Here’s What Happened

Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) shot up 0.1% on Monday . The company traded as high as $91.37 and last traded at $91.10. 5,432 shares were traded during mid-day trading, a decline of 7% from the average session volume of 5,847 shares. The stock had previously closed at $91.00.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The firm has a market cap of $77.42 million, a PE ratio of 12.49 and a beta of 0.79. The business has a 50-day moving average price of $87.49 and a two-hundred day moving average price of $83.78.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0496 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ferguson Shapiro LLC boosted its stake 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 worth $17,895,000 after purchasing an additional 121,708 shares during the last quarter. LPL Financial LLC raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% in the fourth quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock valued at $6,121,000 after buying an additional 24,618 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% during the fourth quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock valued at $1,120,000 after buying an additional 13,090 shares during the period. Raymond James Financial Inc. lifted 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 buying an additional 9,002 shares during the period. Finally, Wells Fargo & Company MN boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,559 shares of the company’s stock worth $678,000 after acquiring an additional 8,307 shares during the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Company 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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.