First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Announces Quarterly Dividend of $0.05

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be given a dividend of 0.0496 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

Shares of RFEM stock traded down $2.07 on Thursday, hitting $80.67. The stock had a trading volume of 2,254 shares, compared to its average volume of 7,022. The stock’s 50 day moving average is $85.19 and its 200-day moving average is $80.50. The firm has a market capitalization of $56.47 million, a price-to-earnings ratio of 12.49 and a beta of 0.70. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $57.44 and a 52-week high of $89.93.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Several large investors have recently modified their holdings of RFEM. World Investment Advisors increased its position 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 acquiring an additional 534 shares during the last quarter. Maia Wealth LLC boosted its holdings in 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 valued at $1,257,000 after purchasing an additional 1,375 shares during the last quarter. Cetera Investment Advisers grew its stake in 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 valued at $2,131,000 after purchasing an additional 2,035 shares in the last quarter. Osaic Holdings Inc. grew its stake in 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 valued at $1,120,000 after purchasing an additional 13,090 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings 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 during the last quarter.

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.