Janney Montgomery Scott LLC Acquires New Position in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

Janney Montgomery Scott LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,378 shares of the company’s stock, valued at approximately $4,884,000. Janney Montgomery Scott LLC owned 13.68% of First Trust RiverFront Dynamic Emerging Markets ETF at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 109,900.0% in 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. Freedom Investment Management Inc. grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% in the first quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock valued at $275,000 after purchasing an additional 481 shares during the period. Maia Wealth LLC grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 33.6% in the first quarter. Maia Wealth LLC now owns 6,039 shares of the company’s stock valued at $378,000 after purchasing an additional 1,520 shares during the period. Farther Finance Advisors LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the second quarter worth about $466,000. Finally, Coppell Advisory Solutions LLC boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 72.8% during the first quarter. Coppell Advisory Solutions LLC now owns 8,141 shares of the company’s stock worth $531,000 after buying an additional 3,429 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of RFEM stock opened at $77.15 on Tuesday. The firm has a market cap of $46.29 million, a PE ratio of 12.49 and a beta of 0.83. The company has a 50-day moving average of $74.42 and a two-hundred day moving average of $70.04. First Trust RiverFront Dynamic Emerging Markets ETF has a 1-year low of $57.44 and a 1-year high of $77.39.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.6574 per share. This represents a $2.63 annualized dividend and a yield of 3.4%. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 25th.

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.