RiverFront Investment Group LLC Sells 4,965 Shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

RiverFront Investment Group LLC lessened its stake in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,316 shares of the company’s stock after selling 4,965 shares during the quarter. RiverFront Investment Group LLC owned about 0.15% of First Trust RiverFront Dynamic Emerging Markets ETF worth $5,341,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in RFEM. Raymond James & Associates boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 5.4% during the 4th quarter. Raymond James & Associates now owns 4,037 shares of the company’s stock valued at $239,000 after purchasing an additional 207 shares during the period. NBC Securities Inc. bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 3rd quarter valued at approximately $58,000. International Assets Investment Management LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 4th quarter valued at approximately $678,000. Finally, Kesler Norman & Wride LLC bought a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 3rd quarter valued at approximately $1,677,000.

First Trust RiverFront Dynamic Emerging Markets ETF Trading Up 1.1 %

NASDAQ:RFEM traded up $0.64 during mid-day trading on Friday, hitting $61.67. 769 shares of the company’s stock traded hands, compared to its average volume of 1,142. The firm has a 50 day moving average of $61.00 and a two-hundred day moving average of $58.23. First Trust RiverFront Dynamic Emerging Markets ETF has a 12 month low of $51.67 and a 12 month high of $62.77. The firm has a market capitalization of $37.00 million, a price-to-earnings ratio of 7.04 and a beta of 0.88.

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.