Envestnet Asset Management Inc. Has $4.01 Million Stake in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

Envestnet Asset Management Inc. grew its holdings in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 23.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,187 shares of the company’s stock after purchasing an additional 10,731 shares during the quarter. Envestnet Asset Management Inc. owned about 11.24% of First Trust RiverFront Dynamic Emerging Markets ETF worth $4,013,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RFEM. Freedom Investment Management Inc. boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% during the 1st quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock valued at $275,000 after purchasing an additional 481 shares during the period. Maia Wealth LLC lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 33.6% during the first quarter. Maia Wealth LLC now owns 6,039 shares of the company’s stock worth $378,000 after buying an additional 1,520 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter valued at approximately $466,000. Coppell Advisory Solutions LLC boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 72.8% in the first quarter. Coppell Advisory Solutions LLC now owns 8,141 shares of the company’s stock valued at $531,000 after acquiring an additional 3,429 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the first quarter worth $565,000.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 0.4%

Shares of RFEM stock opened at $78.54 on Friday. The firm has a market capitalization of $47.12 million, a P/E ratio of 12.49 and a beta of 0.70. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $57.44 and a 1 year high of $79.43. The firm’s fifty day simple moving average is $77.08 and its 200 day simple moving average is $72.90.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.6574 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26.

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.