First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 0.2% – Time to Buy?

Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) were up 0.2% during trading on Wednesday . The company traded as high as $99.22 and last traded at $99.19. 2,034 shares changed 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 Stock Up 0.3%

The firm has a market cap of $84.53 million, a P/E ratio of 12.49 and a beta of 0.80. The stock’s 50-day moving average is $94.71 and its 200-day moving average is $91.26.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.1214 per share. This represents a $4.49 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend 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

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $53,000. MGO One Seven LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth approximately $453,000. Wells Fargo & Company MN lifted its position in shares of 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 worth $678,000 after buying an additional 8,307 shares during the period. Finally, World Investment Advisors boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% in the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after buying an additional 534 shares in the last quarter.

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.