Seascape Capital Management Takes $6.82 Million Position in First Trust Emerging Markets Local Currency Bond ETF $FEMB

Seascape Capital Management bought a new stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 228,685 shares of the company’s stock, valued at approximately $6,815,000. First Trust Emerging Markets Local Currency Bond ETF makes up approximately 1.9% of Seascape Capital Management’s investment portfolio, making the stock its 14th biggest position. Seascape Capital Management owned approximately 2.17% of First Trust Emerging Markets Local Currency Bond ETF at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. KKM Financial LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.9% in 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. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.7% in the third quarter. Benjamin Edwards Inc. now owns 9,304 shares of the company’s stock valued at $273,000 after purchasing an additional 662 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% in the third quarter. Walkner Condon Financial Advisors LLC now owns 44,748 shares of the company’s stock valued at $1,313,000 after purchasing an additional 1,309 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.2% in the third quarter. Assetmark Inc. now owns 24,175 shares of the company’s stock valued at $709,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 19.6% in the fourth quarter. Perigon Wealth Management LLC now owns 9,057 shares of the company’s stock valued at $270,000 after purchasing an additional 1,486 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.2%

Shares of FEMB opened at $28.96 on Wednesday. The stock has a 50 day moving average of $29.90 and a 200 day moving average of $29.72. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $25.66 and a 12 month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, March 26th.

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.