First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Trading Down 0.5% – Should You Sell?

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)’s share price traded down 0.5% on Thursday . The stock traded as low as $88.42 and last traded at $88.59. 1,437 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 3,817 shares. The stock had previously closed at $89.01.

First Trust RiverFront Dynamic Developed International ETF Stock Down 0.5%

The company has a 50 day moving average of $87.15 and a two-hundred day moving average of $85.34. The firm has a market cap of $161.23 million, a P/E ratio of 12.09 and a beta of 0.82.

First Trust RiverFront Dynamic Developed International 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 given a $1.0702 dividend. This represents a $4.28 annualized dividend and a yield of 4.8%. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust RiverFront Dynamic Developed International ETF

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its holdings in shares of First Trust RiverFront Dynamic Developed International ETF by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after purchasing an additional 29,804 shares in the last quarter. Prospera Financial Services Inc lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 4.3% during the fourth quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock valued at $11,510,000 after purchasing an additional 5,846 shares during the last quarter. Royal Bank of Canada lifted its stake in First Trust RiverFront Dynamic Developed International ETF by 7.1% during the first quarter. Royal Bank of Canada now owns 44,973 shares of the company’s stock valued at $3,693,000 after purchasing an additional 2,979 shares during the last quarter. Jane Street Group LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the second quarter worth approximately $2,592,000. Finally, UBS Group AG boosted its holdings in First Trust RiverFront Dynamic Developed International ETF by 12.3% during the third quarter. UBS Group AG now owns 28,596 shares of the company’s stock worth $2,194,000 after buying an additional 3,129 shares in the last quarter.

First Trust RiverFront Dynamic Developed International ETF Company 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. RFDI was launched on Apr 13, 2016 and is managed by First Trust.