First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading Up 0.3% – Should You Buy?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) shares were up 0.3% during trading on Wednesday . The company traded as high as $93.23 and last traded at $93.09. 1,480 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 4,864 shares. The stock had previously closed at $92.78.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The company has a market cap of $79.13 million, a price-to-earnings ratio of 12.49 and a beta of 0.78. The company has a fifty day moving average of $93.63 and a two-hundred day moving average of $88.72.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $1.1214 per share. This represents a $4.49 annualized dividend and a dividend yield of 4.8%. This is an increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ferguson Shapiro LLC boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% during the 1st quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock worth $17,895,000 after buying an additional 121,708 shares during the period. LPL Financial LLC increased its position in 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 acquiring an additional 24,618 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 72,344 shares of the company’s stock valued at $5,729,000 after acquiring an additional 2,975 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the fourth quarter. Prospera Financial Services Inc now owns 37,417 shares of the company’s stock valued at $2,963,000 after acquiring an additional 1,684 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.1% during the first quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock worth $2,346,000 after purchasing an additional 1,645 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.