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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a monthly dividend on Monday, July 20th, NASDAQ Dividends reports. Investors of record on Tuesday, July 21st will be given a dividend of 0.165 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ FEMB traded down $0.21 on Tuesday, hitting $29.12. The company had a trading volume of 72,746 shares, compared to its average volume of 129,963. The company’s fifty day moving average price is $29.32 and its 200-day moving average price is $29.69. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $28.18 and a 12-month high of $31.55.

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.