RiverFront Investment Group LLC Reduces Stake in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)

RiverFront Investment Group LLC lessened its stake in shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 245,032 shares of the company’s stock after selling 63,084 shares during the period. RiverFront Investment Group LLC owned 14.25% of First Trust RiverFront Dynamic Developed International ETF worth $15,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in First Trust RiverFront Dynamic Developed International ETF in the 4th quarter valued at about $733,000. ERn Financial LLC grew its position in First Trust RiverFront Dynamic Developed International ETF by 3.8% in the fourth quarter. ERn Financial LLC now owns 14,497 shares of the company’s stock worth $891,000 after acquiring an additional 524 shares during the period. GAMMA Investing LLC grew its position in First Trust RiverFront Dynamic Developed International ETF by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 5,430 shares of the company’s stock worth $334,000 after acquiring an additional 852 shares during the period. Benjamin Edwards Inc. acquired a new stake in First Trust RiverFront Dynamic Developed International ETF during the third quarter worth $949,000. Finally, Flow Traders U.S. LLC raised its position in First Trust RiverFront Dynamic Developed International ETF by 889.9% in the third quarter. Flow Traders U.S. LLC now owns 78,617 shares of the company’s stock valued at $5,295,000 after purchasing an additional 70,675 shares during the period.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.3 %

NASDAQ RFDI opened at $67.03 on Friday. The stock has a fifty day simple moving average of $65.75 and a 200-day simple moving average of $64.77. The stock has a market cap of $115.28 million, a PE ratio of 12.75 and a beta of 0.94. First Trust RiverFront Dynamic Developed International ETF has a twelve month low of $60.25 and a twelve month high of $68.45.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.2993 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.79%.

First Trust RiverFront Dynamic Developed International ETF Profile

The First Trust RiverFront Dynamic Developed International ETF (RFDI) is an exchange-traded fund that is based on the FTSE Developed ex U.S. index. The fund is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.