11,472 Shares in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,472 shares of the company’s stock, valued at approximately $678,000.

A number of other hedge funds have also made changes to their positions in the company. Kesler Norman & Wride LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 3rd quarter worth approximately $1,677,000. NBC Securities Inc. acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF during the 3rd quarter worth approximately $58,000. Finally, Raymond James & Associates grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 5.4% during the 4th quarter. Raymond James & Associates now owns 4,037 shares of the company’s stock worth $239,000 after buying an additional 207 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of NASDAQ:RFEM opened at $60.85 on Thursday. The company has a 50 day moving average of $60.94 and a 200-day moving average of $58.12. First Trust RiverFront Dynamic Emerging Markets ETF has a one year low of $51.60 and a one year high of $62.77. The stock has a market cap of $36.51 million, a price-to-earnings ratio of 7.13 and a beta of 0.83.

About First Trust RiverFront Dynamic Emerging Markets ETF

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.