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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) declared a monthly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.165 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, June 25th.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.5%

First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.16 during mid-day trading on Thursday, reaching $29.10. The company’s stock had a trading volume of 32,170 shares, compared to its average volume of 130,719. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $28.18 and a 12-month high of $31.55. The firm’s fifty day moving average price is $29.45 and its two-hundred day moving average price is $29.73.

Hedge Funds Weigh In On First Trust Emerging Markets Local Currency Bond ETF

A number of large investors have recently made changes to their positions in FEMB. Merkkuri Wealth Advisors LLC purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the 1st quarter valued at about $40,000. Intesa Sanpaolo Wealth Management bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $45,000. Sound Income Strategies LLC boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% in the first quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after acquiring an additional 1,175 shares during the period. Capital Investment Advisory Services LLC grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in 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 valued at $61,000 after acquiring an additional 1,333 shares in the last quarter.

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.