Envestnet Asset Management Inc. Cuts Position in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

Envestnet Asset Management Inc. cut its stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEMGet Rating) by 4.8% in the 2nd quarter, Holdings Channel reports. The fund owned 52,374 shares of the company’s stock after selling 2,669 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of First Trust RiverFront Dynamic Emerging Markets ETF worth $2,794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its position in First Trust RiverFront Dynamic Emerging Markets ETF by 158.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 67,086 shares of the company’s stock worth $4,351,000 after acquiring an additional 41,141 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 42.5% in the first quarter. Flow Traders U.S. LLC now owns 62,246 shares of the company’s stock worth $4,008,000 after purchasing an additional 18,558 shares during the last quarter. Jane Street Group LLC lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 27.9% in the first quarter. Jane Street Group LLC now owns 40,955 shares of the company’s stock worth $2,656,000 after purchasing an additional 8,930 shares during the last quarter. Royal Bank of Canada lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 40,386 shares of the company’s stock worth $2,619,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 5.1% in the first quarter. Baird Financial Group Inc. now owns 31,399 shares of the company’s stock worth $2,037,000 after purchasing an additional 1,510 shares during the last quarter.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

First Trust RiverFront Dynamic Emerging Markets ETF stock opened at $51.83 on Thursday. The firm has a fifty day simple moving average of $49.26 and a two-hundred day simple moving average of $53.63. First Trust RiverFront Dynamic Emerging Markets ETF has a twelve month low of $45.61 and a twelve month high of $70.44.

First Trust RiverFront Dynamic Emerging Markets ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 26th were paid a $1.612 dividend. The ex-dividend date of this dividend was Friday, September 23rd. This is an increase from First Trust RiverFront Dynamic Emerging Markets ETF’s previous quarterly dividend of $0.85. This represents a $6.45 annualized dividend and a yield of 12.44%.

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Institutional Ownership by Quarter for First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

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