First Trust RiverFront Dynamic Emerging Markets ETF $RFEM Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 153.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,033 shares of the company’s stock after acquiring an additional 13,350 shares during the quarter. Cetera Investment Advisers owned approximately 4.41% of First Trust RiverFront Dynamic Emerging Markets ETF worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RFEM. Freedom Investment Management Inc. increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 12.8% during the 1st quarter. Freedom Investment Management Inc. now owns 4,232 shares of the company’s stock worth $275,000 after purchasing an additional 481 shares in the last quarter. World Investment Advisors grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 6.2% during the second quarter. World Investment Advisors now owns 10,378 shares of the company’s stock worth $741,000 after buying an additional 606 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 2.6% during the second quarter. Prospera Financial Services Inc now owns 33,698 shares of the company’s stock worth $2,407,000 after buying an additional 856 shares in the last quarter. Maia Wealth LLC raised its position 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 buying an additional 1,520 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 4.7% during the first quarter. Baird Financial Group Inc. now owns 46,144 shares of the company’s stock valued at $3,003,000 after buying an additional 2,081 shares during the period.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

Shares of NASDAQ RFEM opened at $78.65 on Tuesday. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $57.44 and a 1 year high of $79.43. The firm’s 50 day moving average price is $77.39 and its 200 day moving average price is $73.84. The firm has a market cap of $47.19 million, a P/E ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.6574 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.3%. This is a positive change from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.26. The ex-dividend date 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.