Farther Finance Advisors LLC Purchases New Shares in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

Farther Finance Advisors LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,525 shares of the company’s stock, valued at approximately $466,000. Farther Finance Advisors LLC owned approximately 1.31% of First Trust RiverFront Dynamic Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RFEM. GAMMA Investing LLC raised its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6,267.2% during the 1st quarter. GAMMA Investing LLC now owns 123,015 shares of the company’s stock worth $8,007,000 after acquiring an additional 121,083 shares during the period. Baird Financial Group Inc. increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the 1st quarter. Baird Financial Group Inc. now owns 46,144 shares of the company’s stock worth $3,003,000 after purchasing an additional 2,081 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of 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 worth $2,959,000 after purchasing an additional 3,756 shares during the last quarter. OLD Mission Capital LLC increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 396.4% during the 1st quarter. OLD Mission Capital LLC now owns 42,763 shares of the company’s stock worth $2,783,000 after purchasing an additional 34,149 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 31.3% during the 1st quarter. LPL Financial LLC now owns 41,122 shares of the company’s stock worth $2,677,000 after purchasing an additional 9,808 shares during the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Down 0.3%

Shares of NASDAQ:RFEM opened at $74.97 on Friday. The business has a 50-day moving average price of $74.01 and a 200 day moving average price of $69.61. The company has a market capitalization of $37.48 million, a price-to-earnings ratio of 12.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $57.44 and a 12-month high of $77.39.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 25th will be given a dividend of $0.6574 per share. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, September 25th. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26.

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.