First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $65.56 and traded as low as $64.31. First Trust RiverFront Dynamic Emerging Markets ETF shares last traded at $64.52, with a volume of 1,949 shares.

First Trust RiverFront Dynamic Emerging Markets ETF Stock Performance

The firm’s fifty day simple moving average is $66.32 and its 200 day simple moving average is $65.57. The stock has a market capitalization of $29.03 million, a P/E ratio of 7.49 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3293 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Emerging Markets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC bought a new position in shares of First Trust RiverFront Dynamic Emerging Markets ETF in the 3rd quarter valued at $552,000. Hilltop Holdings Inc. boosted its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 2.2% in the third quarter. Hilltop Holdings Inc. now owns 10,022 shares of the company’s stock valued at $683,000 after buying an additional 219 shares in the last quarter. Maia Wealth LLC bought a new position in First Trust RiverFront Dynamic Emerging Markets ETF in the third quarter valued at about $218,000. J.W. Cole Advisors Inc. raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% during the third quarter. J.W. Cole Advisors Inc. now owns 26,060 shares of the company’s stock worth $1,776,000 after acquiring an additional 1,842 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF by 61.8% in the third quarter. GAMMA Investing LLC now owns 1,531 shares of the company’s stock worth $104,000 after acquiring an additional 585 shares during the last quarter.

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.