First Trust Emerging Markets Local Currency Bond ETF $FEMB Stake Boosted by Private Advisory Group LLC

Private Advisory Group LLC lifted its position in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) by 710.3% in the 3rd quarter, Holdings Channel reports. The fund owned 154,446 shares of the company’s stock after acquiring an additional 135,385 shares during the quarter. Private Advisory Group LLC’s holdings in First Trust Emerging Markets Local Currency Bond ETF were worth $4,399,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FEMB. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 66.3% during the second quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock valued at $13,198,000 after purchasing an additional 180,123 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the 1st quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock valued at $9,186,000 after acquiring an additional 63,498 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Emerging Markets Local Currency Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock worth $7,026,000 after purchasing an additional 30,002 shares during the period. Royal Bank of Canada grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% in the first quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock worth $5,517,000 after acquiring an additional 13,102 shares during the period. Finally, Euro Pacific Asset Management LLC increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 1.1% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 110,247 shares of the company’s stock valued at $3,140,000 after purchasing an additional 1,193 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.8%

Shares of FEMB stock opened at $28.06 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $27.68 and a 12 month high of $31.55. The company has a 50 day simple moving average of $28.74 and a two-hundred day simple moving average of $29.40.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.40 annualized dividend and a dividend yield of 8.6%.

First Trust Emerging Markets Local Currency Bond ETF 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.