First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) to Issue $0.17 Monthly Dividend

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 21st will be given a dividend of 0.165 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, May 21st.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.7%

Shares of FEMB stock traded down $0.21 during trading hours on Thursday, reaching $29.05. The company had a trading volume of 23,672 shares, compared to its average volume of 143,864. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $27.56 and a 12 month high of $31.55. The business has a fifty day simple moving average of $29.38 and a 200-day simple moving average of $29.77.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. KKM Financial LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.9% during the third quarter. KKM Financial LLC now owns 11,687 shares of the company’s stock valued at $343,000 after purchasing an additional 440 shares in the last quarter. Realta Investment Advisors lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 8.5% during the first quarter. Realta Investment Advisors now owns 10,818 shares of the company’s stock valued at $311,000 after purchasing an additional 848 shares in the last quarter. Milestones Private Investment Advisors LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 15.4% during the first quarter. Milestones Private Investment Advisors LLC now owns 8,011 shares of the company’s stock valued at $230,000 after purchasing an additional 1,072 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% during the fourth quarter. D.A. Davidson & CO. now owns 36,725 shares of the company’s stock valued at $1,094,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Balefire LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 8.9% during the first quarter. Balefire LLC now owns 13,691 shares of the company’s stock valued at $393,000 after purchasing an additional 1,124 shares in the last quarter.

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.