First Trust Emerging Markets Local Currency Bond ETF $FEMB Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lessened its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,485 shares of the company’s stock after selling 162,217 shares during the quarter. Redhawk Wealth Advisors Inc. owned 1.77% of First Trust Emerging Markets Local Currency Bond ETF worth $5,498,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 23.0% in the 2nd quarter. Cetera Investment Advisers now owns 58,302 shares of the company’s stock valued at $1,684,000 after acquiring an additional 10,889 shares during the period. First Trust Advisors LP boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 399.2% during the 2nd 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. Raymond James Financial Inc. increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 21.8% in the 2nd quarter. Raymond James Financial Inc. now owns 75,538 shares of the company’s stock valued at $2,182,000 after purchasing an additional 13,527 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at approximately $250,000. Finally, Osaic Holdings Inc. raised its position in First Trust Emerging Markets Local Currency Bond ETF by 1,318.2% in the second quarter. Osaic Holdings Inc. now owns 137,952 shares of the company’s stock valued at $3,984,000 after purchasing an additional 128,225 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ:FEMB opened at $28.60 on Friday. The stock’s fifty day moving average is $30.09 and its two-hundred day moving average is $29.76. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.66 and a 52 week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.