First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading at $99.59

Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) fell 0% on Monday. The company traded as low as $99.45 and last traded at $99.59. 1,262 shares traded hands during trading, a decline of 72% from the average session volume of 4,545 shares. The stock had previously closed at $99.61.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The business has a 50 day simple moving average of $97.79 and a 200 day simple moving average of $93.38. The company has a market cap of $15.93 million, a price-to-earnings ratio of 12.49 and a beta of 0.80.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 6.1% during the 1st quarter. Cetera Investment Advisers now owns 28,554 shares of the company’s stock worth $2,346,000 after buying an additional 1,645 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% in the 1st quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock valued at $70,000 after buying an additional 183 shares during the period. Ferguson Shapiro LLC raised its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 126.6% during the first quarter. Ferguson Shapiro LLC now owns 217,818 shares of the company’s stock worth $17,895,000 after acquiring an additional 121,708 shares during the last quarter. World Investment Advisors raised 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. Finally, Maia Wealth LLC lifted its stake in shares of 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 valued at $1,257,000 after acquiring an additional 1,375 shares during the period.

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.