First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) Trading 0.4% Higher – Time to Buy?

First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) shares rose 0.4% on Friday . The company traded as high as $76.15 and last traded at $76.00. Approximately 47 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 158 shares. The stock had previously closed at $75.73.

First Trust RiverFront Dynamic Europe ETF Trading Up 0.4%

The firm has a market cap of $7.60 million, a P/E ratio of 11.59 and a beta of 0.87. The company’s 50-day moving average is $74.37 and its two-hundred day moving average is $71.92.

First Trust RiverFront Dynamic Europe ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.68 dividend. This is a boost from First Trust RiverFront Dynamic Europe ETF’s previous quarterly dividend of $0.36. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, December 12th.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Europe ETF

A hedge fund recently raised its stake in First Trust RiverFront Dynamic Europe ETF stock. Susquehanna International Group LLP boosted its stake in First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,067 shares of the company’s stock after buying an additional 850 shares during the quarter. Susquehanna International Group LLP owned approximately 25.07% of First Trust RiverFront Dynamic Europe ETF worth $1,778,000 as of its most recent SEC filing.

First Trust RiverFront Dynamic Europe ETF Company Profile

The First Trust RiverFront Dynamic Europe ETF (RFEU) is an exchange-traded fund that is based on the FTSE Developed Europe All Cap index. The fund is an actively-managed fund that seeks capital appreciation from developed European stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. RFEU was launched on Apr 13, 2016 and is managed by First Trust.