Janney Montgomery Scott LLC Has $814,000 Position in RiverFront Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA)

Janney Montgomery Scott LLC grew its stake in RiverFront Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,746 shares of the company’s stock after purchasing an additional 310 shares during the period. Janney Montgomery Scott LLC owned about 0.98% of RiverFront Dynamic US Dividend Advantage ETF worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

RiverFront Dynamic US Dividend Advantage ETF Trading Down 1.0 %

RFDA opened at $57.03 on Monday. The company’s 50 day moving average is $55.26 and its 200-day moving average is $53.57. RiverFront Dynamic US Dividend Advantage ETF has a 1-year low of $45.05 and a 1-year 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 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.