Truist Financial Corp Has $2 Million Position in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

Truist Financial Corp cut its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,638 shares of the company’s stock after selling 784 shares during the quarter. Truist Financial Corp owned approximately 6.81% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,004,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RFEM. GAMMA Investing LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF in the 2nd quarter valued at $62,000. Raleigh Capital Management Inc. lifted its stake in shares of 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 valued at $66,000 after buying an additional 200 shares in the last quarter. Finally, OLD Mission Capital LLC grew its holdings in shares of 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.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

Shares of NASDAQ RFEM opened at $67.81 on Friday. The stock has a market cap of $30.51 million, a price-to-earnings ratio of 7.49 and a beta of 0.83. First Trust RiverFront Dynamic Emerging Markets ETF has a fifty-two week low of $51.67 and a fifty-two week high of $70.20. The firm’s 50-day simple moving average is $65.65 and its 200 day simple moving average is $64.63.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.3293 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.32 annualized dividend and a yield of 1.94%.

First Trust RiverFront Dynamic Emerging Markets ETF 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.