First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Stock Price Up 0.9% – Time to Buy?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was up 0.9% on Wednesday . The company traded as high as $96.85 and last traded at $96.74. Approximately 2,526 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 4,768 shares. The stock had previously closed at $95.88.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The firm has a market capitalization of $82.65 million, a P/E ratio of 12.49 and a beta of 0.79. The company’s 50 day moving average price is $93.56 and its 200 day moving average price is $89.99.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $1.1214 dividend. This is an increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $4.49 annualized dividend and a dividend yield of 4.6%.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Several large investors have recently made changes to their positions in RFEM. International Assets Investment Management LLC increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% in the first quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock worth $70,000 after purchasing an additional 183 shares during the period. World Investment Advisors lifted its position 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 purchasing an additional 534 shares during the period. Elevated Capital Advisors LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter valued at about $47,000. J.W. Cole Advisors Inc. boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 2.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 26,392 shares of the company’s stock valued at $2,090,000 after purchasing an additional 651 shares during the last quarter. Finally, Maia Wealth LLC grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% during the 4th quarter. Maia Wealth LLC now owns 14,334 shares of the company’s stock worth $1,257,000 after buying an additional 1,375 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

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.