Maia Wealth LLC Grows Stock Position in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

Maia Wealth LLC boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 37.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,323 shares of the company’s stock after acquiring an additional 2,284 shares during the period. Maia Wealth LLC owned 1.66% of First Trust RiverFront Dynamic Emerging Markets ETF worth $595,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RFEM. Cetera Investment Advisers increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 153.7% during the second quarter. Cetera Investment Advisers now owns 22,033 shares of the company’s stock worth $1,574,000 after acquiring an additional 13,350 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 2.6% during the 2nd quarter. Prospera Financial Services Inc now owns 33,698 shares of the company’s stock worth $2,407,000 after purchasing an additional 856 shares during the period. World Investment Advisors increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% during the 2nd quarter. World Investment Advisors now owns 10,378 shares of the company’s stock worth $741,000 after purchasing an additional 606 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 23.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,187 shares of the company’s stock worth $4,013,000 after purchasing an additional 10,731 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the 2nd quarter valued at about $4,884,000.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

NASDAQ RFEM opened at $78.27 on Thursday. The stock has a market capitalization of $46.96 million, a P/E ratio of 12.49 and a beta of 0.70. The firm’s 50-day moving average is $77.29 and its two-hundred day moving average is $73.59. First Trust RiverFront Dynamic Emerging Markets ETF has a 12 month low of $57.44 and a 12 month high of $79.43.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.6574 dividend. The ex-dividend date was Thursday, September 25th. This represents a $2.63 annualized dividend and a dividend yield of 3.4%. This is an increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26.

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.