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

Redhawk Wealth Advisors Inc. decreased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 46.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 184,485 shares of the company’s stock after selling 162,217 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $5,498,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth about $73,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth approximately $204,000. Brookwood Investment Group LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter valued at approximately $232,000. Milestones Private Investment Advisors LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at approximately $237,000. Finally, Benjamin Edwards Inc. purchased a new position in First Trust Emerging Markets Local Currency Bond ETF in the second quarter worth approximately $250,000.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.1%

Shares of First Trust Emerging Markets Local Currency Bond ETF stock opened at $28.60 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.66 and a 52-week high of $31.55. The company has a 50 day moving average of $30.09 and a 200 day moving average of $29.76.

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 given a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, March 26th.

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.