First Trust Emerging Markets Local Currency Bond ETF $FEMB Stake Cut by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 60.7% in the first quarter, HoldingsChannel.com reports. The firm owned 28,949 shares of the company’s stock after selling 44,716 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Seascape Capital Management bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth about $6,815,000. Endowment Wealth Management Inc. acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at about $1,934,000. Iams Wealth Management LLC bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $2,085,000. Sanctuary Advisors LLC bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $1,064,000. Finally, Csenge Advisory Group raised its stake 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 acquiring an additional 178,850 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB opened at $29.34 on Monday. The company’s 50-day moving average price is $29.31 and its 200 day moving average price is $29.64. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $28.18 and a fifty-two week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

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