Envestnet Asset Management Inc. Sells 842 Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

Envestnet Asset Management Inc. trimmed its holdings in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,676 shares of the company’s stock after selling 842 shares during the period. Envestnet Asset Management Inc. owned 8.59% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,530,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 22.0% in the fourth 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. GAMMA Investing LLC acquired a new stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the second quarter worth about $62,000. Finally, OLD Mission Capital LLC boosted its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 11.1% during the 1st quarter. OLD Mission Capital LLC now owns 97,521 shares of the company’s stock worth $5,972,000 after acquiring an additional 9,743 shares in the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

Shares of NASDAQ RFEM opened at $68.29 on Friday. The business’s 50-day simple moving average is $65.39 and its 200-day simple moving average is $64.44. First Trust RiverFront Dynamic Emerging Markets ETF has a 52 week low of $51.67 and a 52 week high of $70.20. The firm has a market cap of $30.73 million, a price-to-earnings ratio of 7.49 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.3293 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, September 26th.

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.