RiverFront Investment Group LLC Reduces Position in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

RiverFront Investment Group LLC cut its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,499 shares of the company’s stock after selling 1,215 shares during the quarter. RiverFront Investment Group LLC owned 7.50% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,679,000 at the end of the most recent reporting period.

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

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of NASDAQ:RFEM opened at $77.42 on Tuesday. The firm’s 50-day moving average is $77.26 and its two-hundred day moving average is $73.48. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $57.44 and a 1 year high of $79.43. The firm has a market capitalization of $46.45 million, a PE ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.6574 per share. The ex-dividend date of this dividend 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.

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.