First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 0.9% – What’s Next?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) was up 0.9% during trading on Wednesday . The company traded as high as $96.85 and last traded at $96.74. 2,526 shares traded hands during trading, a decline of 47% from the average session volume of 4,768 shares. The stock had previously closed at $95.88.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The stock has a market capitalization of $82.23 million, a PE ratio of 12.49 and a beta of 0.79. The firm’s 50 day simple moving average is $93.53 and its 200 day simple moving average is $89.90.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $1.1214 dividend. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. This represents a $4.49 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ferguson Shapiro LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% during the first quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock valued at $17,895,000 after purchasing an additional 121,708 shares during the period. International Assets Investment Management LLC increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% in the first quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock valued at $70,000 after acquiring an additional 183 shares during the period. World Investment Advisors boosted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the fourth quarter. World Investment Advisors now owns 11,982 shares of the company’s stock worth $949,000 after purchasing an additional 534 shares during the period. Maia Wealth LLC grew its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% in the fourth quarter. Maia Wealth LLC now owns 14,334 shares of the company’s stock worth $1,257,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in 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 buying an additional 8,307 shares during the period.

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.