First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) to Distribute Quarterly Dividend of $1.12 on June 30th

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 1.1214 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, June 25th. This is a 2,160.9% increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Down 1.2%

NASDAQ:RFEM opened at $91.58 on Friday. The firm has a market capitalization of $77.84 million, a PE ratio of 12.49 and a beta of 0.78. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $70.73 and a 12-month high of $97.64. The firm has a 50-day moving average price of $93.35 and a 200 day moving average price of $86.81.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Hedge funds have recently modified their holdings of the stock. Ferguson Shapiro LLC boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% in the 1st quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock valued at $17,895,000 after buying an additional 121,708 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 46.7% in the 4th quarter. LPL Financial LLC now owns 77,302 shares of the company’s stock valued at $6,121,000 after purchasing an additional 24,618 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% in the 4th quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock valued at $1,120,000 after purchasing an additional 13,090 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% in the 2nd quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock worth $1,155,000 after purchasing an additional 9,002 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% in the 4th quarter. Wells Fargo & Company MN now owns 8,559 shares of the company’s stock worth $678,000 after purchasing an additional 8,307 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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.