First Trust Emerging Markets Local Currency Bond ETF (FEMB) to Issue Monthly Dividend of $0.17 on May 29th

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, May 20th, NASDAQ Dividends reports. Investors of record on Thursday, May 21st will be given a dividend of 0.165 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Thursday, May 21st.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.7%

First Trust Emerging Markets Local Currency Bond ETF stock opened at $29.05 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $27.56 and a 12-month high of $31.55. The firm’s fifty day moving average is $29.36 and its 200 day moving average is $29.77.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock valued at $35,221,000 after acquiring an additional 207,987 shares during the period. First Trust Advisors LP lifted its position 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 period. Csenge Advisory Group lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the 4th quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock valued at $7,085,000 after acquiring an additional 178,850 shares during the period. Seascape Capital Management lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% during the 1st quarter. Seascape Capital Management now owns 235,617 shares of the company’s stock valued at $6,771,000 after acquiring an additional 6,932 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% during the 1st quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock valued at $5,517,000 after acquiring an additional 13,102 shares during the period.

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.