First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU) Share Price Passes Below 200 Day Moving Average – Here’s Why

First Trust RiverFront Dynamic Europe ETF (NASDAQ:RFEU)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $65.94 and traded as low as $61.72. First Trust RiverFront Dynamic Europe ETF shares last traded at $61.72, with a volume of 294 shares traded.

First Trust RiverFront Dynamic Europe ETF Price Performance

The firm’s 50 day simple moving average is $64.90 and its two-hundred day simple moving average is $65.94. The firm has a market capitalization of $6.17 million, a P/E ratio of 10.35 and a beta of 0.95.

First Trust RiverFront Dynamic Europe ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.8446 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust RiverFront Dynamic Europe ETF’s previous quarterly dividend of $0.44. This represents a $3.38 annualized dividend and a yield of 5.47%.

About First Trust RiverFront Dynamic Europe ETF

The First Trust RiverFront Dynamic Europe ETF (RFEU) is an exchange-traded fund that is based on the FTSE Developed Europe All Cap index. The fund is an actively-managed fund that seeks capital appreciation from developed European stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.