LPL Financial LLC Buys 9,808 Shares of First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

LPL Financial LLC lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,122 shares of the company’s stock after acquiring an additional 9,808 shares during the period. LPL Financial LLC owned approximately 9.14% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the first quarter valued at about $565,000. J.W. Cole Advisors Inc. boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 4.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 27,666 shares of the company’s stock valued at $1,801,000 after acquiring an additional 1,279 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 45,456 shares of the company’s stock valued at $2,959,000 after acquiring an additional 3,756 shares in the last quarter. World Investment Advisors boosted its position in First Trust RiverFront Dynamic Emerging Markets ETF by 10.4% during the 1st quarter. World Investment Advisors now owns 9,772 shares of the company’s stock valued at $636,000 after acquiring an additional 924 shares in the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of 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 last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

RFEM stock opened at $73.53 on Monday. First Trust RiverFront Dynamic Emerging Markets ETF has a 52-week low of $57.44 and a 52-week high of $73.91. The firm has a market capitalization of $36.76 million, a price-to-earnings ratio of 12.49 and a beta of 0.83. The firm has a 50 day moving average price of $71.59 and a 200-day moving average price of $67.60.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid 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 1.4%.

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.