First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 1.4% – Still a Buy?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)’s stock price shot up 1.4% on Monday . The stock traded as high as $92.83 and last traded at $92.83. 626 shares traded 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 Stock Performance

The firm has a 50 day moving average of $90.56 and a two-hundred day moving average of $85.29. The stock has a market cap of $78.91 million, a P/E ratio of 12.49 and a beta of 0.78.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0496 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.20 annualized dividend and a yield of 0.2%.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds have recently modified their holdings of RFEM. Elevated Capital Advisors LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $47,000. International Assets Investment Management LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $53,000. MGO One Seven LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $330,000. Wagner Wealth Management Corp bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $453,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 4th quarter worth approximately $472,000.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

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.