First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading 0.1% Higher – Still a Buy?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEMGet Free Report)’s stock price traded up 0.1% during mid-day trading on Monday . The company traded as high as $91.37 and last traded at $91.10. 5,432 shares were traded during mid-day trading, a decline of 7% from the average session volume of 5,847 shares. The stock had previously closed at $91.00.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The business has a 50-day moving average of $87.18 and a 200-day moving average of $83.62. The firm has a market cap of $77.44 million, a price-to-earnings ratio of 12.49 and a beta of 0.79.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

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

Hedge Funds 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 RFEM. Elevated Capital Advisors LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $47,000. International Assets Investment Management LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $53,000. MGO One Seven LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $330,000. Wagner Wealth Management Corp bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $453,000. Finally, Triad Wealth Partners LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter worth about $472,000.

About First Trust RiverFront Dynamic Emerging Markets ETF

(Get 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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.

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