First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 0.2% – Here’s Why

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEMGet Free Report) shot up 0.2% during trading on Wednesday . The stock traded as high as $99.22 and last traded at $99.19. Approximately 2,034 shares traded hands during trading, a decline of 56% from the average daily volume of 4,635 shares. The stock had previously closed at $99.00.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The firm has a market cap of $84.31 million, a P/E ratio of 12.49 and a beta of 0.80. The stock’s 50-day simple moving average is $94.55 and its two-hundred day simple moving average is $91.18.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $1.1214 per share. This represents a $4.49 annualized dividend and a yield of 4.5%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Several institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at approximately $53,000. MGO One Seven LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter valued at $453,000. Wells Fargo & Company MN boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,559 shares of the company’s stock valued at $678,000 after acquiring an additional 8,307 shares during the period. Finally, World Investment Advisors boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after acquiring an additional 534 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

(Get Free Report)

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.

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