Cetera Investment Advisers Increases Stock Position in First Trust RiverFront Dynamic Developed International ETF $RFDI

Cetera Investment Advisers grew its holdings in shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,550 shares of the company’s stock after buying an additional 29,804 shares during the period. Cetera Investment Advisers owned 0.10% of First Trust RiverFront Dynamic Developed International ETF worth $13,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prospera Financial Services Inc increased its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 4.3% in the 4th quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after acquiring an additional 5,846 shares in the last quarter. Claris Financial LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the fourth quarter worth about $1,357,000. Elevated Capital Advisors LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the fourth quarter worth about $111,000. Wells Fargo & Company MN grew its holdings in First Trust RiverFront Dynamic Developed International ETF by 137,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock worth $110,000 after purchasing an additional 1,371 shares during the period. Finally, Cerity Partners LLC purchased a new stake in First Trust RiverFront Dynamic Developed International ETF in the second quarter worth about $1,299,000.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

Shares of NASDAQ RFDI opened at $88.72 on Thursday. The company has a 50 day simple moving average of $87.54 and a two-hundred day simple moving average of $85.81. First Trust RiverFront Dynamic Developed International ETF has a fifty-two week low of $71.69 and a fifty-two week high of $89.61. The company has a market capitalization of $161.47 million, a price-to-earnings ratio of 12.09 and a beta of 0.82.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $1.0702 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

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.