First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Trading Down 0.4% – Here’s Why

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)’s stock price was down 0.4% during trading on Friday . The company traded as low as $63.92 and last traded at $63.98. Approximately 3,080 shares changed hands during trading, an increase of 25% from the average daily volume of 2,464 shares. The stock had previously closed at $64.26.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

The company has a market cap of $28.79 million, a PE ratio of 7.49 and a beta of 0.83. The firm has a 50-day simple moving average of $63.97 and a two-hundred day simple moving average of $64.97.

First Trust RiverFront Dynamic Emerging Markets ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $1.2429 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust RiverFront Dynamic Emerging Markets ETF

Hedge funds have recently bought and sold shares of the company. Hilltop Holdings Inc. grew its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock valued at $683,000 after buying an additional 219 shares during the period. GAMMA Investing LLC grew its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,932 shares of the company’s stock valued at $122,000 after purchasing an additional 401 shares during the period. World Investment Advisors LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the third quarter worth approximately $552,000. Capasso Planning Partners LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the third quarter worth approximately $471,000. Finally, Maia Wealth LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter valued at $218,000.

First Trust RiverFront Dynamic Emerging Markets ETF Company Profile

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.