Hilltop Holdings Inc. Grows Stake in First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM)

Hilltop Holdings Inc. lifted its holdings in shares of First Trust RiverFront Dynamic Emerging Markets ETF (NASDAQ:RFEM) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,022 shares of the company’s stock after acquiring an additional 219 shares during the period. Hilltop Holdings Inc. owned 2.23% of First Trust RiverFront Dynamic Emerging Markets ETF worth $683,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Maia Wealth LLC acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the third quarter worth approximately $218,000. J.W. Cole Advisors Inc. raised its stake in First Trust RiverFront Dynamic Emerging Markets ETF by 7.6% during the 3rd 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 acquired a new stake in First Trust RiverFront Dynamic Emerging Markets ETF during the 2nd quarter worth $62,000.

First Trust RiverFront Dynamic Emerging Markets ETF Price Performance

NASDAQ RFEM opened at $65.79 on Friday. The company has a fifty day moving average of $65.92 and a two-hundred day moving average of $65.54. First Trust RiverFront Dynamic Emerging Markets ETF has a 1 year low of $56.19 and a 1 year high of $70.20. The company has a market capitalization of $29.60 million, a PE ratio of 7.49 and a beta of 0.83.

First Trust RiverFront Dynamic Emerging Markets ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.3293 per share. This represents a $1.32 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, September 26th.

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.