Farther Finance Advisors LLC purchased a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 6,525 shares of the company’s stock, valued at approximately $466,000.
Other large investors have also modified their holdings of the company. NBC Securities Inc. raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 109,900.0% during the first quarter. NBC Securities Inc. now owns 1,100 shares of the company’s stock worth $71,000 after purchasing an additional 1,099 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% during the first quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock worth $275,000 after purchasing an additional 481 shares during the last quarter. Maia Wealth LLC raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 33.6% during the first quarter. Maia Wealth LLC now owns 6,039 shares of the company’s stock worth $378,000 after purchasing an additional 1,520 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 72.8% during the first quarter. Coppell Advisory Solutions LLC now owns 8,141 shares of the company’s stock worth $531,000 after purchasing an additional 3,429 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the first quarter worth approximately $565,000.
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First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance
NASDAQ:RFEM opened at $74.97 on Friday. The stock has a fifty day moving average price of $74.01 and a two-hundred day moving average price of $69.61. The stock has a market capitalization of $37.48 million, a price-to-earnings ratio of 12.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $57.44 and a 1 year high of $77.39.
First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be given a $0.6574 dividend. The ex-dividend date is Thursday, September 25th. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26. This represents a $2.63 annualized dividend and a yield of 3.5%.
First Trust RiverFront Dynamic Emerging Markets ETF Profile
(Free Report)
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.
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Want to see what other hedge funds are holding RFEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM – Free Report).
Farther Finance Advisors LLC Takes $466,000 Position in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM
