First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Down 0.5%

Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) dropped 0.5% during trading on Monday . The stock traded as low as $64.17 and last traded at $64.27. Approximately 3,261 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 1,853 shares. The stock had previously closed at $64.56.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The firm’s 50-day moving average is $65.64 and its 200 day moving average is $62.49. The stock has a market cap of $28.92 million, a PE ratio of 7.49 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.7304 dividend. The ex-dividend date was Thursday, June 27th. This represents a $2.92 annualized dividend and a yield of 4.55%.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of RFEM. GAMMA Investing LLC purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the 2nd quarter valued at $62,000. Raleigh Capital Management Inc. raised its position in First Trust RiverFront Dynamic Emerging Markets ETF by 22.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,108 shares of the company’s stock worth $66,000 after buying an additional 200 shares during the last quarter. Raymond James & Associates raised its position in First Trust RiverFront Dynamic Emerging Markets ETF by 5.4% during the 4th quarter. Raymond James & Associates now owns 4,037 shares of the company’s stock worth $239,000 after buying an additional 207 shares during the last quarter. International Assets Investment Management LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth $678,000. Finally, OLD Mission Capital LLC raised its position in First Trust RiverFront Dynamic Emerging Markets ETF by 11.1% during the 1st quarter. OLD Mission Capital LLC now owns 97,521 shares of the company’s stock worth $5,972,000 after buying an additional 9,743 shares during 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.