Private Advisory Group LLC Acquires 135,385 Shares of First Trust Emerging Markets Local Currency Bond ETF $FEMB

Private Advisory Group LLC increased its holdings in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 710.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,446 shares of the company’s stock after purchasing an additional 135,385 shares during the period. Private Advisory Group LLC owned approximately 1.16% of First Trust Emerging Markets Local Currency Bond ETF worth $4,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the second quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock worth $13,198,000 after purchasing an additional 180,123 shares during the last quarter. First Trust Advisors LP grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the first quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock valued at $9,186,000 after buying an additional 63,498 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock valued at $7,026,000 after buying an additional 30,002 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% in the first quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock worth $5,517,000 after buying an additional 13,102 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 20.1% in the first quarter. Cetera Investment Advisers now owns 109,529 shares of the company’s stock worth $3,148,000 after buying an additional 18,304 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ FEMB opened at $28.06 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $27.68 and a 1-year high of $31.55. The stock has a 50-day moving average of $28.74 and a 200-day moving average of $29.40.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 8.6%. The ex-dividend date was Wednesday, October 21st.

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.