First Trust RiverFront Dynamic Emerging Markets ETF $RFEM is Ferguson Shapiro LLC’s 6th Largest Position

Ferguson Shapiro LLC lifted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 126.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,818 shares of the company’s stock after buying an additional 121,708 shares during the period. First Trust RiverFront Dynamic Emerging Markets ETF comprises approximately 5.5% of Ferguson Shapiro LLC’s portfolio, making the stock its 6th biggest position. Ferguson Shapiro LLC owned about 25.63% of First Trust RiverFront Dynamic Emerging Markets ETF worth $17,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RFEM. Elevated Capital Advisors LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the fourth quarter valued at $47,000. International Assets Investment Management LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth about $53,000. MGO One Seven LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth about $330,000. Wagner Wealth Management Corp acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter worth about $453,000. Finally, Triad Wealth Partners LLC purchased a new position in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter valued at about $472,000.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

Shares of RFEM opened at $94.05 on Wednesday. The company has a market capitalization of $79.94 million, a price-to-earnings ratio of 12.49 and a beta of 0.78. First Trust RiverFront Dynamic Emerging Markets ETF has a fifty-two week low of $70.73 and a fifty-two week high of $97.64. The business’s 50-day moving average is $93.50 and its 200-day moving average is $87.09.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $1.1214 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.05. This represents a $4.49 dividend on an annualized basis and a yield of 4.8%.

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. RFEM was launched on Jun 14, 2016 and is managed by First Trust.