First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Shares Up 1.4% – Still a Buy?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) shares traded up 1.4% during mid-day trading on Monday . The company traded as high as $92.83 and last traded at $92.83. 626 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,382 shares. The stock had previously closed at $91.52.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 1.4%

The stock has a fifty day moving average price of $90.56 and a 200-day moving average price of $85.29. The firm has a market capitalization of $78.91 million, a price-to-earnings ratio of 12.49 and a beta of 0.78.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0496 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased 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 valued at $2,346,000 after purchasing an additional 1,645 shares in the last quarter. International Assets Investment Management LLC increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 27.3% during the 1st quarter. International Assets Investment Management LLC now owns 853 shares of the company’s stock valued at $70,000 after purchasing an additional 183 shares in the last quarter. Ferguson Shapiro LLC increased its holdings 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 valued at $17,895,000 after purchasing an additional 121,708 shares in the last quarter. World Investment Advisors increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the 4th quarter. World Investment Advisors now owns 11,982 shares of the company’s stock valued at $949,000 after purchasing an additional 534 shares in the last quarter. Finally, Maia Wealth LLC increased its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 10.6% during the 4th 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 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.