First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Stock Price Down 1.4% – Here’s Why

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB)’s stock price fell 1.4% on Friday . The stock traded as low as $28.51 and last traded at $28.76. 281,977 shares were traded during trading, an increase of 51% from the average session 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’s 50-day moving average is $30.21 and its two-hundred day moving average is $29.76.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of FEMB. Cetera Investment Advisers grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 23.0% in the second quarter. Cetera Investment Advisers now owns 58,302 shares of the company’s stock valued at $1,684,000 after buying an additional 10,889 shares in the last quarter. First Trust Advisors LP lifted its position in 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 acquiring an additional 173,687 shares in the last quarter. Raymond James Financial Inc. boosted 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 worth $2,182,000 after acquiring an additional 13,527 shares during the period. Benjamin Edwards Inc. purchased a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter worth approximately $250,000. Finally, Osaic Holdings Inc. grew 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 acquiring an additional 128,225 shares in the last quarter.

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.