First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Down 1.4% – What’s Next?

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) shares dropped 1.4% on Friday . The stock traded as low as $28.51 and last traded at $28.76. Approximately 281,977 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 186,668 shares. The stock had previously closed at $29.16.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 1.4%

The business has a 50 day simple moving average of $30.21 and a two-hundred day simple moving average of $29.76.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 6.3%. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, February 20th.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth about $10,172,000. Seascape Capital Management purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $6,815,000. LPL Financial LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the fourth quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after purchasing an additional 207,987 shares during the last quarter. Csenge Advisory Group increased its position in First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after purchasing an additional 178,850 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 399.2% during the second quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock worth $6,273,000 after purchasing an additional 173,687 shares during the period.

About First Trust Emerging Markets Local Currency Bond ETF

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.