Rareview Dynamic Fixed Income ETF (BATS:RDFI) Increases Dividend to $0.16 Per Share

Rareview Dynamic Fixed Income ETF (BATS:RDFI) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, October 2nd will be given a dividend of $0.1601 per share on Monday, October 5th. This represents a $1.92 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Friday, October 2nd. This is a 0.4% increase from Rareview Dynamic Fixed Income ETF’s previous monthly dividend of $0.1595.

Rareview Dynamic Fixed Income ETF Stock Performance

Shares of RDFI stock opened at $21.59 on Friday. Rareview Dynamic Fixed Income ETF has a 52-week low of $21.44 and a 52-week high of $25.61. The company has a market capitalization of $45.55 million, a PE ratio of 22.64 and a beta of 0.50. The business’s fifty day moving average is $22.92 and its 200 day moving average is $23.26.

Hedge Funds Weigh In On Rareview Dynamic Fixed Income ETF

An institutional investor recently raised its stake in Rareview Dynamic Fixed Income ETF stock. Noble Wealth Management PBC grew its holdings in shares of Rareview Dynamic Fixed Income ETF (BATS:RDFI) by 272.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,353 shares of the company’s stock after acquiring an additional 25,125 shares during the quarter. Noble Wealth Management PBC owned about 1.63% of Rareview Dynamic Fixed Income ETF worth $745,000 at the end of the most recent quarter.

About Rareview Dynamic Fixed Income ETF

The Rareview Dynamic Fixed Income ETF (RDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that actively selects a broad array of global fixed income closed-end funds. RDFI was launched on Oct 21, 2020 and is managed by Rareview Funds.