First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Shares Down 0.2% – What’s Next?

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) shares traded down 0.2% during mid-day trading on Thursday . The company traded as low as $86.33 and last traded at $86.40. 5,916 shares traded hands during mid-day trading, an increase of 57% from the average session volume of 3,760 shares. The stock had previously closed at $86.61.

First Trust RiverFront Dynamic Developed International ETF Price Performance

The stock has a market cap of $152.93 million, a PE ratio of 12.09 and a beta of 0.86. The stock’s fifty day moving average is $84.66 and its 200-day moving average is $81.38.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.3485 per share. This represents a $1.39 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Prospera Financial Services Inc boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 4.3% during the fourth quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after buying an additional 5,846 shares during the period. Cetera Investment Advisers boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 20.0% during the fourth quarter. Cetera Investment Advisers now owns 138,746 shares of the company’s stock worth $11,170,000 after buying an additional 23,133 shares during the period. Royal Bank of Canada boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 16.2% during the fourth quarter. Royal Bank of Canada now owns 41,994 shares of the company’s stock worth $3,381,000 after buying an additional 5,845 shares during the period. Jane Street Group LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF during the second quarter worth about $2,592,000. Finally, UBS Group AG boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 12.3% during the third quarter. UBS Group AG now owns 28,596 shares of the company’s stock worth $2,194,000 after buying an additional 3,129 shares during the period.

First Trust RiverFront Dynamic Developed International ETF Company Profile

The First Trust RiverFront Dynamic Developed International ETF (RFDI) is an exchange-traded fund that is based on the FTSE Developed ex U.S. index. The fund is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. RFDI was launched on Apr 13, 2016 and is managed by First Trust.