First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI) Trading 0.9% Higher – Here’s Why

First Trust RiverFront Dynamic Developed International ETF (NASDAQ:RFDI)’s share price shot up 0.9% during trading on Monday . The stock traded as high as $86.03 and last traded at $86.03. 4,823 shares traded hands during trading, an increase of 36% from the average session volume of 3,556 shares. The stock had previously closed at $85.23.

First Trust RiverFront Dynamic Developed International ETF Stock Performance

The firm has a market cap of $152.27 million, a P/E ratio of 12.09 and a beta of 0.83. The company has a 50-day moving average of $84.21 and a 200 day moving average of $82.71.

First Trust RiverFront Dynamic Developed International ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3485 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.39 dividend on an annualized basis and a yield of 1.6%.

Institutional Investors Weigh In On First Trust RiverFront Dynamic Developed International ETF

A number of large investors have recently bought and sold shares of RFDI. Jane Street Group LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth approximately $2,592,000. Cetera Investment Advisers grew its position in First Trust RiverFront Dynamic Developed International ETF by 21.5% during the 1st quarter. Cetera Investment Advisers now owns 168,550 shares of the company’s stock worth $13,840,000 after acquiring an additional 29,804 shares during the last quarter. Cerity Partners LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 2nd quarter worth approximately $1,299,000. Claris Financial LLC bought a new stake in First Trust RiverFront Dynamic Developed International ETF during the 4th quarter worth approximately $1,357,000. Finally, Prospera Financial Services Inc grew its position in First Trust RiverFront Dynamic Developed International ETF by 5.6% during the 3rd quarter. Prospera Financial Services Inc now owns 137,127 shares of the company’s stock worth $10,520,000 after acquiring an additional 7,247 shares during the last quarter.

About First Trust RiverFront Dynamic Developed International ETF

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. RFDI was launched on Apr 13, 2016 and is managed by First Trust.