Noble Wealth Management PBC Grows Position in Rareview Dynamic Fixed Income ETF $RDFI

Noble Wealth Management PBC lifted its holdings in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) by 272.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,353 shares of the company’s stock after acquiring an additional 25,125 shares during the quarter. Noble Wealth Management PBC’s holdings in Rareview Dynamic Fixed Income ETF were worth $745,000 as of its most recent SEC filing.

Rareview Dynamic Fixed Income ETF Stock Down 0.4%

Shares of RDFI stock traded down $0.09 during trading on Thursday, reaching $21.59. 16,379 shares of the company’s stock were exchanged, compared to its average volume of 14,895. Rareview Dynamic Fixed Income ETF has a twelve month low of $21.44 and a twelve month high of $25.61. The firm’s fifty day moving average price is $22.95 and its 200-day moving average price is $23.28. The stock has a market capitalization of $45.55 million, a PE ratio of 22.64 and a beta of 0.50.

Rareview Dynamic Fixed Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.1629 per share. This represents a $1.96 dividend on an annualized basis and a yield of 9.1%. This is a positive change from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1605. The ex-dividend date of this dividend was Tuesday, August 4th.

Rareview Dynamic Fixed Income ETF Company Profile

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.