Farther Finance Advisors LLC Has $1.31 Million Stake in First Trust RiverFront Dynamic Emerging Markets ETF $RFEM

Farther Finance Advisors LLC lifted its position in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 163.6% during the third quarter, Holdings Channel.com reports. The firm owned 17,201 shares of the company’s stock after buying an additional 10,676 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust RiverFront Dynamic Emerging Markets ETF were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RFEM. Coppell Advisory Solutions LLC increased its position in First Trust RiverFront Dynamic Emerging Markets ETF by 72.8% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,141 shares of the company’s stock worth $531,000 after buying an additional 3,429 shares during the period. Maia Wealth LLC grew its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 37.8% in the second quarter. Maia Wealth LLC now owns 8,323 shares of the company’s stock valued at $595,000 after acquiring an additional 2,284 shares in the last quarter. World Investment Advisors increased its position in 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 acquiring an additional 606 shares during the period. Raymond James Financial Inc. raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 125.5% in the 2nd quarter. Raymond James Financial Inc. now owns 16,173 shares of the company’s stock worth $1,155,000 after purchasing an additional 9,002 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 153.7% in the 2nd quarter. Cetera Investment Advisers now owns 22,033 shares of the company’s stock worth $1,574,000 after purchasing an additional 13,350 shares in the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Up 0.3%

Shares of NASDAQ:RFEM opened at $79.00 on Friday. First Trust RiverFront Dynamic Emerging Markets ETF has a 12-month low of $57.44 and a 12-month high of $82.92. The company’s 50 day moving average price is $78.23 and its two-hundred day moving average price is $75.15. The firm has a market cap of $47.40 million, a PE ratio of 12.49 and a beta of 0.70.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.6469 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.59 dividend on an annualized basis and a yield of 3.3%.

First Trust RiverFront Dynamic Emerging Markets ETF Company 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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.