Janney Montgomery Scott LLC Buys 310 Shares of RiverFront Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA)

Janney Montgomery Scott LLC increased its stake in shares of RiverFront Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,746 shares of the company’s stock after purchasing an additional 310 shares during the quarter. Janney Montgomery Scott LLC’s holdings in RiverFront Dynamic US Dividend Advantage ETF were worth $814,000 at the end of the most recent quarter.

RiverFront Dynamic US Dividend Advantage ETF Stock Performance

NYSEARCA RFDA opened at $57.03 on Monday. The business’s 50 day moving average price is $55.26 and its 200-day moving average price is $53.57. RiverFront Dynamic US Dividend Advantage ETF has a fifty-two week low of $45.05 and a fifty-two week high of $58.21. The company has a market cap of $85.55 million, a P/E ratio of 15.64 and a beta of 0.95.

RiverFront Dynamic US Dividend Advantage ETF Company Profile

The RiverFront Dynamic US Dividend Advantage ETF (RFDA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. RFDA was launched on Jun 7, 2016 and is managed by RiverFront.