First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading 1.4% Higher – Here’s What Happened

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) traded up 1.4% during mid-day trading on Monday . The company traded as high as $92.83 and last traded at $92.83. 626 shares changed hands during trading, a decline of 88% from the average session volume of 5,382 shares. The stock had previously closed at $91.52.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 1.7%

The stock has a market capitalization of $77.98 million, a P/E ratio of 12.49 and a beta of 0.78. The company has a 50-day moving average price of $90.82 and a 200 day moving average price of $85.40.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0496 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Triad Wealth Partners LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter valued at about $472,000. Ferguson Shapiro LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter valued at about $7,611,000. Envestnet Asset Management Inc. increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 1.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 57,120 shares of the company’s stock valued at $4,332,000 after buying an additional 933 shares in the last quarter. Prospera Financial Services Inc increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 6.0% during the 3rd quarter. Prospera Financial Services Inc now owns 35,733 shares of the company’s stock valued at $2,710,000 after buying an additional 2,035 shares in the last quarter. Finally, World Investment Advisors increased 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 buying an additional 534 shares in the last quarter.

About First Trust RiverFront Dynamic Emerging Markets ETF

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.