First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Plans $0.65 Quarterly Dividend

by · The Cerbat Gem

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Friday, December 12th will be paid a dividend of 0.6469 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, December 12th.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Down 1.9%

Shares of NASDAQ:RFEM traded down $1.49 during midday trading on Friday, reaching $78.18. The company’s stock had a trading volume of 139 shares, compared to its average volume of 4,398. The firm has a market capitalization of $46.91 million, a PE ratio of 12.49 and a beta of 0.70. First Trust RiverFront Dynamic Emerging Markets ETF has a twelve month low of $57.44 and a twelve month high of $82.92. The stock has a fifty day moving average of $77.86 and a 200 day moving average of $74.35.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Freedom Investment Management Inc. boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% in the first quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock worth $275,000 after buying an additional 481 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter valued at approximately $466,000. Coppell Advisory Solutions LLC lifted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 72.8% in the first quarter. Coppell Advisory Solutions LLC now owns 8,141 shares of the company’s stock valued at $531,000 after acquiring an additional 3,429 shares during the period. Maia Wealth LLC boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 37.8% in the 2nd quarter. Maia Wealth LLC now owns 8,323 shares of the company’s stock worth $595,000 after purchasing an additional 2,284 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 1st quarter worth approximately $565,000.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

(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.

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