First Trust Advisors LP Increases Position in First Trust Emerging Markets Local Currency Bond ETF $FEMB

First Trust Advisors LP increased its holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 24.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 319,673 shares of the company’s stock after buying an additional 63,498 shares during the period. First Trust Advisors LP’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $9,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Seascape Capital Management acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth approximately $6,815,000. Endowment Wealth Management Inc. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth approximately $1,934,000. Iams Wealth Management LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at approximately $2,085,000. Sanctuary Advisors LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at approximately $1,064,000. Finally, Csenge Advisory Group raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock valued at $7,085,000 after purchasing an additional 178,850 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ:FEMB opened at $29.34 on Friday. The company’s 50 day moving average is $29.31 and its 200-day moving average is $29.65. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $28.18 and a 12 month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.165 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 6.7%.

First Trust Emerging Markets Local Currency Bond ETF Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies. FEMB was launched on Nov 4, 2014 and is managed by First Trust.