First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Trading Up 2.1% – Here’s Why

Shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) shot up 2.1% on Monday . The stock traded as high as $89.25 and last traded at $81.51. 4,162 shares changed hands during trading, an increase of 3% from the average session volume of 4,032 shares. The stock had previously closed at $79.84.

First Trust RiverFront Dynamic Developed International ETF Stock Up 2.1%

The company has a market capitalization of $140.20 million, a P/E ratio of 12.09 and a beta of 0.88. The firm has a fifty day simple moving average of $84.90 and a 200-day simple moving average of $80.62.

Institutional Trading of First Trust RiverFront Dynamic Developed International ETF

Large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of First Trust RiverFront Dynamic Developed International ETF during the second quarter worth $2,592,000. Cetera Investment Advisers boosted its stake in First Trust RiverFront Dynamic Developed International ETF by 20.0% in the 4th quarter. Cetera Investment Advisers now owns 138,746 shares of the company’s stock worth $11,170,000 after purchasing an additional 23,133 shares during the period. Cerity Partners LLC acquired a new position in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth $1,299,000. Claris Financial LLC acquired a new position in First Trust RiverFront Dynamic Developed International ETF in the 4th quarter worth $1,357,000. Finally, RiverFront Investment Group LLC increased its holdings in First Trust RiverFront Dynamic Developed International ETF by 10.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 124,939 shares of the company’s stock worth $9,111,000 after purchasing an additional 12,053 shares in the last quarter.

About First Trust RiverFront Dynamic Developed International ETF

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.