First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Shares Sold by RiverFront Investment Group LLC

RiverFront Investment Group LLC cut its stake in First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) by 20.5% in the fourth quarter, HoldingsChannel reports. The firm owned 245,032 shares of the company’s stock after selling 63,084 shares during the quarter. RiverFront Investment Group LLC owned approximately 0.14% of First Trust RiverFront Dynamic Developed International ETF worth $15,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RFDI. Flow Traders U.S. LLC boosted its stake in shares of First Trust RiverFront Dynamic Developed International ETF by 889.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 78,617 shares of the company’s stock valued at $5,295,000 after buying an additional 70,675 shares during the period. ERn Financial LLC raised its holdings in First Trust RiverFront Dynamic Developed International ETF by 3.8% in the fourth quarter. ERn Financial LLC now owns 14,497 shares of the company’s stock valued at $891,000 after acquiring an additional 524 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in First Trust RiverFront Dynamic Developed International ETF in the third quarter worth approximately $949,000. Raymond James Financial Inc. acquired a new position in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth approximately $733,000. Finally, GAMMA Investing LLC increased its position in shares of First Trust RiverFront Dynamic Developed International ETF by 18.6% in the 4th quarter. GAMMA Investing LLC now owns 5,430 shares of the company’s stock valued at $334,000 after purchasing an additional 852 shares during the last quarter.

First Trust RiverFront Dynamic Developed International ETF Trading Down 0.3 %

Shares of RFDI stock opened at $67.03 on Friday. The company has a market cap of $115.28 million, a P/E ratio of 12.75 and a beta of 0.94. The firm has a fifty day moving average price of $65.75 and a 200 day moving average price of $64.77. First Trust RiverFront Dynamic Developed International ETF has a 12 month low of $60.25 and a 12 month high of $68.45.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.2993 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.79%.

First Trust RiverFront Dynamic Developed International ETF Company Profile

The First Trust RiverFront Dynamic Developed International ETF (RFDI) is an exchange-traded fund that is based on the FTSE Developed ex U.S. index. The fund is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.