First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Shares Down 0.5% – Should You Sell?

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)’s stock price dropped 0.5% during trading on Thursday . The stock traded as low as $88.42 and last traded at $88.59. 1,437 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 3,817 shares. The stock had previously closed at $89.01.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.3%

The business has a 50 day simple moving average of $87.18 and a two-hundred day simple moving average of $85.36. The stock has a market cap of $160.82 million, a price-to-earnings ratio of 12.09 and a beta of 0.82.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $1.0702 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new position in First Trust RiverFront Dynamic Developed International ETF during the 1st quarter worth $37,000. Wells Fargo & Company MN lifted its position in shares of First Trust RiverFront Dynamic Developed International ETF by 137,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,372 shares of the company’s stock worth $110,000 after purchasing an additional 1,371 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in shares of First Trust RiverFront Dynamic Developed International ETF during the fourth quarter worth about $111,000. First Trust Advisors LP acquired a new position in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter worth about $205,000. Finally, Spartan Wealth Advisory Services LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF in the first quarter valued at about $230,000.

First Trust RiverFront Dynamic Developed International ETF Company Profile

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