Envestnet Asset Management Inc. Acquires 18,325 Shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)

Envestnet Asset Management Inc. raised its holdings in shares of First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,871 shares of the company’s stock after acquiring an additional 18,325 shares during the quarter. Envestnet Asset Management Inc. owned approximately 8.20% of First Trust RiverFront Dynamic Developed International ETF worth $8,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Walkner Condon Financial Advisors LLC grew its position in First Trust RiverFront Dynamic Developed International ETF by 9.1% in the first quarter. Walkner Condon Financial Advisors LLC now owns 6,135 shares of the company’s stock worth $408,000 after acquiring an additional 511 shares in the last quarter. Baird Financial Group Inc. grew its position in First Trust RiverFront Dynamic Developed International ETF by 4.9% in the fourth quarter. Baird Financial Group Inc. now owns 15,283 shares of the company’s stock worth $939,000 after acquiring an additional 707 shares in the last quarter. Strategic Equity Management purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the first quarter worth about $206,000. ERn Financial LLC grew its position in First Trust RiverFront Dynamic Developed International ETF by 24.5% in the first quarter. ERn Financial LLC now owns 18,055 shares of the company’s stock worth $1,200,000 after acquiring an additional 3,558 shares in the last quarter. Finally, Armis Advisers LLC purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the fourth quarter worth about $245,000.

First Trust RiverFront Dynamic Developed International ETF Price Performance

Shares of NASDAQ:RFDI opened at $72.69 on Tuesday. First Trust RiverFront Dynamic Developed International ETF has a 1 year low of $58.54 and a 1 year high of $73.46. The business has a 50 day simple moving average of $72.14 and a two-hundred day simple moving average of $67.76. The firm has a market capitalization of $121.39 million, a PE ratio of 12.09 and a beta of 0.94.

First Trust RiverFront Dynamic Developed International ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $1.0976 dividend. This is an increase from First Trust RiverFront Dynamic Developed International ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, June 26th. This represents a $4.39 dividend on an annualized basis and a yield of 6.04%.

First Trust RiverFront Dynamic Developed International ETF Company Profile

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.