First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Stock Price Down 0.2% – What’s Next?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) shares fell 0.2% during trading on Monday . The company traded as low as $81.30 and last traded at $82.55. 5,023 shares were traded during trading, a decline of 33% from the average session volume of 7,478 shares. The stock had previously closed at $82.70.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The company has a market capitalization of $57.79 million, a PE ratio of 12.49 and a beta of 0.70. The stock’s fifty day simple moving average is $84.72 and its 200-day simple moving average is $79.76.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.6469 per share. This represents a $2.59 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 12th.

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

Several institutional investors have recently added to or reduced their stakes in the business. Maia Wealth LLC increased its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% during the fourth quarter. Maia Wealth LLC now owns 14,334 shares of the company’s stock worth $1,257,000 after acquiring an additional 1,375 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 8.2% during the 4th quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $2,131,000 after purchasing an additional 2,035 shares during the period. Osaic Holdings Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 1,255.0% during the 4th quarter. Osaic Holdings Inc. now owns 14,133 shares of the company’s stock worth $1,120,000 after purchasing an additional 13,090 shares during the period. MML Investors Services LLC increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 27.1% during the 4th quarter. MML Investors Services LLC now owns 16,401 shares of the company’s stock worth $1,299,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 3,296.4% during 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 in the last quarter.

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.