First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) Shares Up 0.2% – Should You Buy?

First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) shares shot up 0.2% on Wednesday . The company traded as high as $73.09 and last traded at $72.5750. 3 shares were traded during trading, a decline of 98% from the average session volume of 196 shares. The stock had previously closed at $72.41.

First Trust RiverFront Dynamic Europe ETF Price Performance

The firm has a market cap of $7.26 million, a price-to-earnings ratio of 11.59 and a beta of 0.87. The business’s 50-day moving average price is $71.97 and its two-hundred day moving average price is $70.19.

First Trust RiverFront Dynamic Europe ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.3621 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust RiverFront Dynamic Europe ETF stock. Ameritas Advisory Services LLC acquired a new position in First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 466 shares of the company’s stock, valued at approximately $32,000. Ameritas Advisory Services LLC owned approximately 0.47% of First Trust RiverFront Dynamic Europe ETF at the end of the most recent quarter.

About First Trust RiverFront Dynamic Europe ETF

The First Trust RiverFront Dynamic Europe ETF (RFEU) is an exchange-traded fund that is based on the FTSE Developed Europe All Cap index. The fund is an actively-managed fund that seeks capital appreciation from developed European stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.