First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Stock Position Lowered by Flow Traders U.S. LLC

Flow Traders U.S. LLC trimmed its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 46.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,331 shares of the company’s stock after selling 24,981 shares during the period. Flow Traders U.S. LLC owned 6.52% of First Trust RiverFront Dynamic Emerging Markets ETF worth $1,999,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RFEM. GAMMA Investing LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter worth $62,000. Maia Wealth LLC purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth about $218,000. Finally, J.W. Cole Advisors Inc. boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 26,060 shares of the company’s stock worth $1,776,000 after acquiring an additional 1,842 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

NASDAQ:RFEM opened at $64.34 on Monday. The stock has a market cap of $28.95 million, a PE ratio of 7.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a fifty-two week low of $56.19 and a fifty-two week high of $70.20. The stock’s 50-day moving average is $66.17 and its two-hundred day moving average is $65.55.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.3293 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, September 26th.

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.