Csenge Advisory Group Purchases 178,850 Shares of First Trust Emerging Markets Local Currency Bond ETF $FEMB

Csenge Advisory Group lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 303.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 237,751 shares of the company’s stock after acquiring an additional 178,850 shares during the quarter. Csenge Advisory Group’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $7,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after purchasing an additional 1,294 shares in the last quarter. Private Trust Co. NA boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 187.2% in the fourth quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after purchasing an additional 1,333 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $73,000. Advisory Services Network LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $204,000. Finally, BAM Wealth Management LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $216,000.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.3%

NASDAQ FEMB opened at $29.09 on Tuesday. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $27.56 and a fifty-two week high of $31.55. The stock has a 50-day simple moving average of $29.40 and a two-hundred day simple moving average of $29.78.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Tuesday, April 21st.

First Trust Emerging Markets Local Currency Bond ETF Company 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.