Janney Montgomery Scott LLC Purchases 427 Shares of RiverFront Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA)

Janney Montgomery Scott LLC boosted its holdings in shares of RiverFront Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,173 shares of the company’s stock after acquiring an additional 427 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.01% of RiverFront Dynamic US Dividend Advantage ETF worth $848,000 at the end of the most recent reporting period.

RiverFront Dynamic US Dividend Advantage ETF Stock Up 0.1 %

RFDA stock opened at $56.64 on Friday. The firm has a 50 day moving average of $56.82 and a two-hundred day moving average of $55.44. RiverFront Dynamic US Dividend Advantage ETF has a 12 month low of $47.44 and a 12 month high of $58.67. The company has a market capitalization of $84.96 million, a price-to-earnings ratio of 15.64 and a beta of 0.95.

About RiverFront Dynamic US Dividend Advantage ETF

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.