RiverFront Investment Group LLC lowered its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM – Free Report) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,612 shares of the company’s stock after selling 4,547 shares during the period. RiverFront Investment Group LLC owned approximately 18.80% of First Trust RiverFront Dynamic Emerging Markets ETF worth $5,534,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raleigh Capital Management Inc. boosted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 22.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,108 shares of the company’s stock worth $66,000 after purchasing an additional 200 shares in the last quarter. OLD Mission Capital LLC raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 11.1% during the first quarter. OLD Mission Capital LLC now owns 97,521 shares of the company’s stock valued at $5,972,000 after buying an additional 9,743 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter worth $62,000.
First Trust RiverFront Dynamic Emerging Markets ETF Price Performance
Shares of NASDAQ:RFEM opened at $68.23 on Wednesday. The business has a fifty day moving average price of $65.14 and a 200-day moving average price of $64.34. The company has a market capitalization of $30.70 million, a PE ratio of 7.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a 1-year low of $51.67 and a 1-year high of $70.20.
First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend
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.
Further Reading
- Five stocks we like better than First Trust RiverFront Dynamic Emerging Markets ETF
- 3 Monster Growth Stocks to Buy Now
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What Are Some of the Best Large-Cap Stocks to Buy?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for First Trust RiverFront Dynamic Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust RiverFront Dynamic Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.