International Assets Investment Management LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,472 shares of the company’s stock, valued at approximately $678,000. International Assets Investment Management LLC owned approximately 1.91% of First Trust RiverFront Dynamic Emerging Markets ETF at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in RFEM. NBC Securities Inc. acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth $58,000. Kesler Norman & Wride LLC acquired a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter worth $1,677,000. Finally, Raymond James & Associates lifted its holdings in First Trust RiverFront Dynamic Emerging Markets ETF by 5.4% in the 4th quarter. Raymond James & Associates now owns 4,037 shares of the company’s stock worth $239,000 after buying an additional 207 shares in the last quarter.
First Trust RiverFront Dynamic Emerging Markets ETF Price Performance
Shares of RFEM stock opened at $60.85 on Thursday. First Trust RiverFront Dynamic Emerging Markets ETF has a 12 month low of $51.60 and a 12 month high of $62.77. The firm has a market capitalization of $36.51 million, a P/E ratio of 7.13 and a beta of 0.83. The company’s fifty day moving average price is $60.94 and its two-hundred day moving average price is $58.12.
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.
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