First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Declares $0.18 Dividend

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a dividend on Thursday, August 20th, NASDAQ Dividends reports. Shareholders of record on Friday, August 21st will be given a dividend of 0.185 per share on Monday, August 31st. The ex-dividend date of this dividend is Friday, August 21st.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB traded down $0.01 during midday trading on Friday, hitting $29.73. The company had a trading volume of 21,387 shares, compared to its average volume of 123,396. The company’s 50-day simple moving average is $29.43 and its 200-day simple moving average is $29.59. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $28.30 and a 1 year high of $31.55.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several hedge funds have recently added to or reduced their stakes in FEMB. InTrack Investment Management Inc grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 139.5% during the 2nd quarter. InTrack Investment Management Inc now owns 17,561 shares of the company’s stock worth $513,000 after acquiring an additional 10,228 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 19.4% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 39,799 shares of the company’s stock valued at $1,163,000 after purchasing an additional 6,476 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 17.0% in the 1st quarter. NewEdge Advisors LLC now owns 86,185 shares of the company’s stock valued at $2,477,000 after purchasing an additional 12,520 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter valued at $286,000. Finally, Royal Bank of Canada raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% in the 1st quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock valued at $5,517,000 after purchasing an additional 13,102 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.