First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Stock Price Down 0.5% – Here’s Why

by · The Cerbat Gem

Shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI – Get Free Report) were down 0.5% during mid-day trading on Thursday . The company traded as low as $88.42 and last traded at $88.59. 1,437 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 3,817 shares. The stock had previously closed at $89.01.

First Trust RiverFront Dynamic Developed International ETF Stock Down 0.5%

The firm’s 50-day moving average price is $87.15 and its 200 day moving average price is $85.34. The firm has a market cap of $161.23 million, a P/E ratio of 12.09 and a beta of 0.82.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $1.0702 dividend. The ex-dividend date was Thursday, June 25th. This represents a $4.28 annualized dividend and a yield of 4.8%. This is a boost from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in First Trust RiverFront Dynamic Developed International ETF in the 2nd quarter worth approximately $2,592,000. Cetera Investment Advisers increased its position in First Trust RiverFront Dynamic Developed International ETF by 21.5% in the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock valued at $13,840,000 after acquiring an additional 29,804 shares during the period. Cerity Partners LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter valued at $1,299,000. Claris Financial LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter valued at $1,357,000. Finally, Prospera Financial Services Inc boosted its position in First Trust RiverFront Dynamic Developed International ETF by 4.3% during the 4th quarter. Prospera Financial Services Inc now owns 142,973 shares of the company’s stock worth $11,510,000 after acquiring an additional 5,846 shares during the period.

About First Trust RiverFront Dynamic Developed International ETF

(Get Free Report)

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.

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