Envestnet Asset Management Inc. Boosts Stock Holdings in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

Envestnet Asset Management Inc. grew its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,456 shares of the company’s stock after buying an additional 3,756 shares during the quarter. Envestnet Asset Management Inc. owned 10.10% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. lifted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 109,900.0% during the first quarter. NBC Securities Inc. now owns 1,100 shares of the company’s stock valued at $71,000 after purchasing an additional 1,099 shares during the period. GAMMA Investing LLC lifted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 6,267.2% during the first quarter. GAMMA Investing LLC now owns 123,015 shares of the company’s stock valued at $8,007,000 after purchasing an additional 121,083 shares during the period. Raymond James Financial Inc. bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at approximately $479,000. OLD Mission Capital LLC lifted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 109.3% during the fourth quarter. OLD Mission Capital LLC now owns 8,614 shares of the company’s stock valued at $545,000 after purchasing an additional 4,499 shares during the period. Finally, Baird Financial Group Inc. lifted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 3.3% during the fourth quarter. Baird Financial Group Inc. now owns 44,063 shares of the company’s stock valued at $2,789,000 after purchasing an additional 1,425 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Down 0.4%

Shares of First Trust RiverFront Dynamic Emerging Markets ETF stock opened at $72.94 on Monday. The company has a market cap of $36.47 million, a price-to-earnings ratio of 12.49 and a beta of 0.83. The company’s 50 day moving average is $70.33 and its 200 day moving average is $66.62. First Trust RiverFront Dynamic Emerging Markets ETF has a twelve month low of $57.44 and a twelve month high of $73.74.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.2608 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.04 dividend on an annualized basis and a yield of 1.43%.

First Trust RiverFront Dynamic Emerging Markets ETF 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.