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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a dividend on Monday, April 20th, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 21st will be paid a dividend of 0.165 per share on Thursday, April 30th. The ex-dividend date is Tuesday, April 21st.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.0%

NASDAQ:FEMB opened at $30.23 on Tuesday. The company’s 50-day moving average is $29.80 and its two-hundred day moving average is $29.76. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $26.88 and a 1-year high of $31.55.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intesa Sanpaolo Wealth Management purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $45,000. Capital Investment Advisory Services LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock worth $49,000 after purchasing an additional 1,294 shares during the last quarter. Private Trust Co. NA grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 187.2% during the fourth quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock worth $61,000 after purchasing an additional 1,333 shares in the last quarter. 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 $73,000. Finally, Bank of Montreal Can purchased a new position in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at $75,000.

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.